Articles by Malavika Santhebennur

Auditing

ASIC cancels over 100 auditor registrations

The Australian Securities and Investments Commission (ASIC) has cancelled the registration of 117 approved SMSF auditors who failed to lodge their annual statements.

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ATO

Steer SMSF trustees away from schemes

The ATO has warned SMSF trustees must seek professional advice to protect themselves from targeting by promotors of unlawful schemes and other questionable practices.

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Business News

ASFA censures Grattan SG stance

The Association of Superannuation Funds of Australia (ASFA) has rejected the Grattan Institute’s calls to dump the bipartisan policy of lifting the superannuation guarantee (SG) to 12 per cent.

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Business News

Royal commission claims AMP chair

AMP has announced Catherine Brenner has resigned as its chair and will step down from the board effective immediately.

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Regulation

SMSF member limit may widen

The federal government announced on Friday it will propose to increase the limit on the maximum number of members in an SMSF from four to six. 

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Regulation

SMSF member limit increased to six

Kelly O'Dwyer

The federal government has announced it will propose to increase the limit on the maximum number of members in an SMSF from four to six. 

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ATO

ATO flags TSB duplication issues

The ATO has released a discussion paper on a currently known issue where an individual’s total superannuation balance (TSB) has duplicated accounts, leading to higher TSBs being displayed for the member.

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Business News

Heffron, Six Park form partnership

Robo-advice provider Six Park has partnered with Heffron to offer a digitally driven, end-to-end SMSF service and solution.

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Business News

Omniwealth appoints head of SMSF

Superannuation and tax specialist Stephen Hogg has joined wealth advisory group Omniwealth as head of SMSF.

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Compliance

Two-month window for LRBAs: lawyer

SMSF clients who are currently considering entering into a limited recourse borrowing arrangement (LRBA) should seek to settle before 30 June 2018 to minimise the risk of being caught by the federal government’s new Superannuation Taxation Integrity Measures.

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