Articles by Malavika Santhebennur

ATO, Tax

ATO needs governance shake-up

The ATO is a monopoly service provider by necessity, but there are governance issues including too much power focused on one individual, according to taxation watchdog the Inspector-General of Taxation.

read more
Accounting, ATO, Pensions

Excess determinations not a disaster

Accountants who lodged transfer balance account reports (TBAR) for their clients on 29 October may receive an excess notice from the ATO, but should not panic, a technical expert has said.

read more
Accounting, Education

Professional advisers meet most FASEA elements

Chartered accountants (CA) and certified practising accountants (CPA) have already met most of the elements of the proposed education reforms and therefore should not be compelled to study further, AccountantsIQ has argued.

read more
Accounting

Restoring trust must be priority: IPA

The issue of trust in the accounting profession has perhaps never been more important, particularly in light of the findings in the recent banking royal commission, according to the Institute of Public Accountants (IPA).

read more
Accounting, Financial Planning

Govt marks start of new complaints system

The federal government noted the commencement of the Australian Financial Complaints Authority (AFCA) today stating consumers and investors will benefit from increased access to redress.

read more
Retirement, Superannuation

Research centre urges focus on super decumulation

Super decumulation is a live debate in Australia and policies formulated in the next few years will set the stage for the issue here, according to academics.

read more
Accounting, Superannuation, Tax

Tax-effective accounting needed for TSB

SMSF practitioners must consider implementing tax-effective accounting when preparing annual accounts for an SMSF as this can determine a member’s total super balance (TSB), a technical expert has said.

read more
Regulation, Retirement

Franking credit plan would hit low, middle earners

The Labor Party’s proposal to stop cash refunds of excess franking credits would impact on low and middle-income earners rather than just SMSFs as intended, according to the federal government.

read more
ASIC, Auditing

ASIC disqualifies two SMSF auditors

The Australian Securities and Investments Commission (ASIC) has disqualified two Queensland SMSF auditors for breaching independence requirements.

read more
Education, Investments

Lack of education thwarts exposure abroad

The majority of Australian fund professionals believe in the importance of Australian investors increasing their exposure to overseas investments, but believe a lack of education is holding them back.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital