Articles by Krystine Lumanta

LICs

Global LIC delivers strong maiden results

Antipodes Global Investment Company has reported an after-tax profit of $26.8 million and portfolio return of 13.2 per cent return after fees for the period to 30 June.

read more
Auditing

Auditor disqualified for independence breach

&

The Australian Securities and Investments Commission (ASIC) has disqualified Kathleen Whittle of New South Wales from being an approved SMSF auditor after she was found to be in breach of fundamental independence requirements.

read more
Business News

More TBAR events than first predicted

The volume of reporting by SMSFs under the ATO’s transfer balance account report (TBAR) regime could rise by 340 per cent, placing SMSFs and practitioners at risk of submerging under the ‘second wave’ of super reforms, according to the latest analysis from Class.

read more
Business News

Report finds SMSF portfolios are diversified

SMSFs are showing they are more diversified than the industry has given them credit for, with trustees achieving diversification via several cost-effective vehicles, the latest CommSec analysis has found.

read more
Compliance

SMSFA backs extra SG taskforce funding

The SMSF Association has applauded the federal government’s decision to provide the ATO with additional funding for a Superannuation Guarantee Taskforce aimed at cracking down on employers failing to comply with their superannuation guarantee (SG) obligations.

read more
Accounting

CGT relief requires good client knowledge

The choice to reset the cost base of an asset when applying for capital gains tax (CGT) relief requires SMSF advisers to understand how their clients think and behave when it comes to following through with their plans.

read more
Regulation

Advisers must master downsizing measure

A woman looks at a blackboard.

While the federal government’s downsizing measure may only apply to a minority of clients, advisers should still be across the technical aspects in order to determine its appropriateness, as well as being able to execute the contributions correctly, an industry lawyer has said.

read more
Regulation

Reforms create low, high-end service gap

SMSF trustees are showing different levels of concern when it comes to the impact of the recent super changes on their fund, resulting in advice and guidance opportunities according to their balance bracket, the latest industry research has found.

read more
Superannuation

Protection of SMSFs more crucial

The complexity of the current super system requires all parts of super to ensure the government does not “stuff it up”, while the SMSF industry should be working towards protecting and safeguarding the sector, according to the Tax Institute.

read more
Business News

Repeat winners emerge at awards night

Industry research firm CoreData in conjunction with selfmanagedsuper hosted the fifth annual SMSF Service Provider Awards in Sydney last week, with nine out of the 16 finalists holding their position from last year in the adviser-voted categories.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.