Articles by Malavika Santhebennur

ATO, Regulation, Residential Property

Aussiegolfa must not prompt related-party dealings

The ATO’s decision not to seek special leave to appeal the full Federal Court decision in Aussiegolfa Pty Ltd (Trustee) v Commissioner of Taxation in respect of the sole purpose test should not offer SMSFs comfort in thinking they can lease residential property to related parties, a financial planner has warned.

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Investments, Regulation

Fund manager calls for franking credit refund cap

A fund manager has proposed the implementation of caps on maximum franking credit refunds per person as an alternative solution to scrapping the refunds altogether.

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Administration, Business News

SuperMate integrates with share registries

SuperMate has added integrations with share registry companies Computershare and Link Market Services to enable practitioners and trustees to view records of their share registry balance.

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Auditing

Triennial audit risks industry contraction

The SMSF audit industry could witness increased contraction and consolidation should the triennial audit cycle policy proposal be legislated, an auditor has warned.

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Administration, ATO, Compliance

Quarterly TBC report dates draw closer

The SMSF Association has reminded SMSFs on a quarterly transfer balance cap (TBC) reporting cycle they must make their first lodgement with the ATO in three weeks.

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ATO, Superannuation

Tabling of SuperStream draft regulations welcomed

The SMSF Association has welcomed draft regulations recently tabled in Parliament to allow SMSFs to receive digital rollovers through the SuperStream system.

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ETFs, Investments

Self-directed look to ETF issuers for tech info

Non-advised self-directed SMSF investors looking to invest in overseas technology stocks rely heavily on direct information from exchanged-traded fund (ETF) providers to boost their knowledge, posing an education challenge to issuers, according to BetaShares.

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Investments, Portfolio Construction

BT reports strong SMSF managed account appetite

Around one-quarter of all managed accounts opened on the BT Panorama platform are through SMSFs, while funds under administration (FUA) on BT’s broader Panorama managed accounts solution have jumped 250 per cent year on year.

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Regulation, Superannuation

Treasury releases work test exemption draft laws

The federal government has released draft legislation and regulations that will provide a one-year exemption from the work test for super contributions to allow recent retirees to boost their super balances.

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Regulation

FSC admits to sector cultural issues

The Financial Services Council (FSC) has acknowledged the conduct of financial services providers has been unacceptable over many years and the sector needs an urgent cultural transformation.

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