Articles by Liz Westover

CAANZ

Current status of auditor registrations

August 11, 2014

SMSF auditor registration has effectively been in place for 12 months now, with mandatory ASIC registration for anyone offering SMSF audit services from 1 July 2013. It is timely to reflect on what has changed since the introduction of this new regime and where the focus of the regulators lies.

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CAANZ

Change is the constant factor

May 13, 2014

Liz Westover

The first day of the new financial year will mark the start of some significant changes for SMSFs and their service providers. A raft of legislative changes will impact on how SMSFs operate, with two major changes affecting accountants and auditors.

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CAANZ

The new licensing regime: a third of the way in

February 1, 2014

Liz Westover

The one-year mark of the three-year transitional period for moving into the new limited licensing regime. There are some that will have made the decision already about how they are going to operate within the new framework, but many are still to decide.

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CAANZ

Areas needing regulatory focus

November 1, 2013

Liz Westover

The new government’s promise of a hands-off approach to superannuation (for the time being) was greatly welcomed by those in the super industry as well as the broader community. Given the vast amounts of reform and change experienced in recent years, a period of consolidation is warranted.

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CAANZ

The other regulator

August 1, 2013

Liz Westover

When the following question is asked: “Who is the regulator in the SMSF market?”, the answer is nearly always “the Australian Taxation Office (ATO)”. For the most part, this is correct. The ATO is the regulator of SMSFs.

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