The industry must prepare for unintended consequences that will emerge from the complexity of the new superannuation legislation, particularly as the definition of super has not yet been enshrined.

The launch of the comprehensive Australian Equities Database (AED), spanning 1926 to the 1970s, has provided new lessons for SMSF trustees and members on return expectations, investment decisions and time horizons.

SMSFs may be a great structure to help facilitate the growth of clients’ superannuation balances, however, deciding whether they are a viable option should be determined by checking off several important factors and not focusing just on costs.

The SMSF Association has revealed the new, wide-ranging superannuation changes will be the central focus of its 2017 National Conference in Melbourne.

Accountants have been encouraged to voice their bold ideas to influence and drive legislative change in the industry, as well as ensuring the profession’s prosperity.

Australian fintech start-up Accountants Scaled Advice Platform (ASAP) has announced it has integrated an e-signature solution onto its digital advice platform for accountants, which will put the focus back on delivering advice to clients.

The maintenance and administration of SMSFs and records under the complex superannuation rules will be a significant challenge for the industry as the legislation assumes the sector operates on real-time data.

Accountants failing to inform their clients of the new superannuation changes starting from 1 July 2017 could be breaching a duty of care and found to be professionally liable for a financial loss or penalty, according to a technical executive.