Articles by Malavika Santhebennur

Accounting

TBAR needs rethink on business models

Advisers and accountants servicing clients on the transfer balance account report (TBAR) requirements need to revisit existing processes and business models within their businesses, according to an SMSF expert.

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Superannuation

Member limit rise may be knee-jerk reaction

An SMSF expert has questioned whether the federal government’s proposal to increase the maximum number of allowable members into an SMSF is a “knee-jerk” reaction to Labor’s franking dividend policy.

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Superannuation

SMSFs should beware of small accounts transfer

The 2018 budget proposal to transfer all inactive superannuation accounts where balances are below $6000 to the ATO will have unintended consequences for SMSFs that also have industry and retail super accounts, according to a lawyer.

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Auditing

Budget SMSF audit measure will dent business

A 2018 federal budget measure to require SMSFs with a good compliance record to be audited once every three years rather than annually will have a sizeable negative impact on SMSF auditors, an accounting industry body said tonight.

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ETFs

BlackRock to restructure cross-listed ETFs

BlackRock is proposing to restructure its cross-listed iShares exchange-traded funds (ETF) as Australian funds to reduce administration for SMSF trustees and advisers.

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Business News

DomaCom crowdfunds mortgage-backed loan

DomaCom Australia today announced the successful completion of a crowdfunding campaign to fund a mortgage-backed loan as the fractional property investment company looks to increase it funds under management (FUM) with these new debt facilities, particularly in the SMSF space.

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Accounting

TBAR raises fee structure issues

Advisers and accountants will need to think about how they intend on charging clients when servicing them for the new transfer balance account reporting (TBAR) requirements, according to an SMSF expert.

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Investments

Investing outside SMSF should be considered

Advisers and accountants should examine whether their SMSF clients are suitable for investment vehicles outside of the retirement savings system in light of the superannuation reforms, according to the director of a major accounting firm.

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Business News

Charter Hall fund added to BT platforms

Charter Hall has announced its Direct PFA Fund has been added to BT Panorama and BT Wrap Platform, giving SMSF investors access to high quality office buildings across Australia.

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Business News

Family SMSFs discussion needs reigniting

A row of shoes from a family along a wall

Advisers should view the move to expand the limit on the maximum number of members in an SMSF as a chance to talk about the family SMSF fund structure with clients, according to a sector specialist.

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