Articles by Malavika Santhebennur

Superannuation

SMSFs want adviser collaboration

Mechanical watch mechanism.

The most effective way to disrupt SMSF advice businesses for increased efficiency is not through technology, but through collaboration between different types of financial advisers.

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Regulation

Govt releases early super release draft laws

The federal government today released exposure draft regulations that support the transfer of the early release of superannuation benefits to the ATO.

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Practice Management

SMSF automation cost savings huge

Data feeds are expected to have the most significant impact on the SMSF sector, with automation and volume the keys to creating efficiencies within an SMSF administration business, according to an industry executive.

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Auditing

Auditors warned of asset valuation fiddling

SMSFs are expected to distort asset valuations for various reasons as a result of the 2016 budget super reforms, with auditors likely to face multiple risks when going through these funds.

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Practice Management

Blockchain could underpin SMSFs

Blockchain could potentially act as the underpinning technology for SMSFs and superannuation funds more broadly to consolidate the sectors and reduce costs, according to an SMSF specialist. 

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Accounting

Confusion lingers around tax advice, AFSLs

Tony Negline

Accountants are calling for certainty on the interplay between the Corporations Act tax agents’ exemption, limited Australian financial services licences (AFSL) and full AFSLs, according to Chartered Accountants Australia and New Zealand superannuation leader Tony Negline. 

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Regulation

Designations are not qualifications: FASEA

A besuited man stands at a crossroads.

Financial Adviser Standards and Ethics Authority (FASEA) chief executive Deen Sanders has made it explicitly clear financial adviser designations and experience do not equate to qualifications under the new education and professional standards framework for advisers.

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Accounting

Accountants, planners working in silos

There is still significant reluctance for accountants and financial planners to communicate with each other when servicing clients due to a mutual lack of respect between the professions, a panel has been told.

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Cryptocurrency

Xpress Super links with Bitcoin Trader

SMSF administrator Xpress Super has formed an alliance with cryptocurrency brokerage Bitcoin Trader to allow it to offer SMSFs investment options in five cryptocurrencies. 

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Superannuation

LRBA uptick in SMSFs a concern

The SMSF Association has expressed concern over the increase in the number of limited recourse borrowing arrangements (LRBA) within SMSFs over the past two to three years. 

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