Articles by Penny Pryor

Education, financial advice

Intensive study offered for lagging advisers

A financial services education provider has created an intensive study program for financial advisers to help them meet the 31 December 2025 deadline.

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Contributions

Contribution splits apply to carry-forward cap

SMSF, self managed superannuation fund, self managed super, carry-forward unused concessional contributions, contribution splitting, Colonial First State, concessional contributions cap, Linda Bruce, Craig Day

Advisers using contribution splitting strategies should be clear as to which cap the legislation refers and can apply it prospectively if they wish.

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ASIC, fraud, Investments

ASIC cautions licensees on share fraud

ASIC, guidance, Australian financial services licensees, Information Sheet 237, INFO 237, share sale fraud, Simone Constant, due diligence

The corporate regulator is asking licensees to be vigilant, given share sale fraud has jumped sevenfold in recent years.

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Auditing, Technology

Div 296 means auditors need tech

The proposed Division 296 tax will create more work for SMSF auditors, meaning they need to look at how technology can make their lives easier.

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Education, financial advice, Financial Planning

Technical skills more important than ever

The SMSF Association is focusing its Technical Summit on helping practitioners deal with difficult real-world scenarios.

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Business News

Bright honoured with scholarship

An organisation for superannuation fund executives has launched a scholarship to recognise the legacy of the late Greg Bright.

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AFCA, financial advice, Financial Planning

AFCA should name and shame

Major professional bodies say the threat of publication will provide bad actors with an additional incentive to pay their AFCA fines.

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ASIC, financial advice, Superannuation

Rollover-linked firm has licence cancelled

ASIC has cancelled the licence of a firm that provided advice regarding the Shield Master Fund and also banned its responsible manager.

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ASIC, Compliance, financial advice

ASIC moves against 18 finfluencers

Australian Securities and Investments Commission, ASIC, warning, social media, finfluencers, unlicensed financial advice, Alan Kirkland, contracts for difference, over-the-counter derivatives

The corporate watchdog has served warning notices to 18 individuals as part of a global crackdown on unlawful ‘finfluencer’ activity.

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Documentation, Estate Planning, Trusts

Trustee death requires creative response

When the sole director of a corporate trustee dies, advisers will need to consider what options are available to allow the fund to be wound up.

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