Articles by Malavika Santhebennur

Investments

Buy property through SMSF when young

SMSF investors should think about purchasing property within their SMSF in their 30s rather than postponing it until they are in their 40s, but only after seeking professional advice, according to wealth advisory group Omniwealth.

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Retirement

Applying for age pension an uphill battle

Less than four in 10 Australians are satisfied with their age pension application process through Centrelink, with many seeking assistance or professional financial advice.

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Superannuation

Super tinkering has little political bearing

Australian Parliament House

A view by governments the super system is politically neutral in terms of how it affects voters might mean tinkering with it will continue, according to financial services firm HLB Mann Judd.

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Compliance

Trustees must exit after bankruptcy

SMSF trustees who have entered into voluntary bankruptcy must be aware they cannot continue to act as a trustee or director of a corporate trustee of an SMSF, a law firm has warned.

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Business News

AFCA appoints chief ombudsman

The Australian Financial Complaints Authority (AFCA) has named Australian Charities and Not-for-profits Commission (ACNC) charity services assistant commissioner David Locke as its chief ombudsman and chief executive.

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Regulation

ASIC begins civil proceedings against Westpac

The Australian Securities and Investments Commission (ASIC) has begun civil penalty proceedings in the Federal Court against Westpac in relation to poor advice provided by one of its former financial advisers.

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Profiles

One on one with…Scott Hay-Bartlem

Cooper Grace Ward partner Scott Hay-Bartlem entered the SMSF sector during a period of significant change when the Superannuation Industry (Supervision) Act was introduced.

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Regulation

SMSFs struggle to keep pace with regulation

SMSF members believe keeping track of changes in super rules and regulations is the hardest aspect of running an SMSF, according to research.

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Business News

Class enhances partnership integration

Class has announced a partnership enhancement program where partners can build applications that support direct access for investors and planners.

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ATO

Warning issued on tax deduction timing

Road sign with the word "Caution" on it.

Advisers need to be mindful of when they claim tax deductions on expenses incurred by SMSFs in light of total super balance (TSB) restrictions imposed by the 2016 budget super reforms.

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