Articles by Malavika Santhebennur

Accounting, Administration, Tax

Advisers need solid ECPI knowledge

Financial advisers need to have a firm grasp on exempt current pension income and segregation rules as they are no longer just the accountant’s domain.

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Superannuation, Tax

Franking credits policy won’t weaken sector

The SMSF industry remains buoyant despite the franking credits proposal, indicating short term tax policy changes will not stifle the sector.

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ASIC, Regulation

Disciplinary body needs teeth

The banking royal commission recommendation to create a new disciplinary body for financial advice is appropriate as long as it is granted strong powers.

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Retirement

Retiree living expenses climb slightly

The cost of living for retirees rose only marginally in the December quarter despite a steep rise in the price of some essential goods and services, according to ASFA.

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Regulation, Retirement, Superannuation

Fatigue to blame for lack of super objective

Fatigue ultimately defeated the government and super sector’s efforts to enshrine the objective of super in legislation, an industry group head of policy has said.

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ATO, Retirement, Superannuation

Definition of contribution remains vague

There is no concrete definition of the term contribution in super law and income tax law, which can be problematic for clients.

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Accounting, Administration, Pensions

Legacy pensions require further attention

SMSF administrators and actuarial experts say they still see legacy pensions, such as defined benefit pensions, in SMSFs.

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Education, Regulation

Industry body revamps specialist adviser program

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The SMSF Association has announced changes to its specialist adviser program to ensure it corresponds with FASEA guidelines.

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Regulation

Six-member SMSF bill may be passed pre-election

The federal government is likely feeling confident its six-member SMSF bill will pass through parliament, given it was introduced last week, an SMSF expert has suggested.

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Compliance, Investments, Regulation

Sharper record-keeping focus tipped

Advisers and accountants can expect increased scrutiny of the record-keeping for the advice they provide to SMSF clients over the next three years, a compliance expert has warned.

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