Articles by Tharshini Ashokan

YourSuper benchmarking measures detrimental

October 29, 2020

The benchmark measures to be used in the YourSuper comparison tool announced as part this year’s federal budget superannuation reforms could be detrimental to long-term fund behaviour.

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Tax

TPB deregisters tax agent for SAN misuse

October 28, 2020

Tharshini Ashokan

The TPB has terminated the registration of a fourth tax agent following its review of tax practitioners referred to the board by the ATO for SAN misuse.

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Auditing

New standards boost auditor role

October 27, 2020

Tharshini Ashokan

The restructured APES 110 Code of Ethics will help reinforce the important role auditors play in protecting trustees’ retirement savings, a major accounting body says.

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Pensions

Records key to minimum pension

October 22, 2020

Tharshini Ashokan

SMSF members must have the correct documentation in place to support their treatment of pension payments taken before and after 24 March, a technical expert has warned.

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Auditing, Documentation, Property

Evidence key to reporting property valuations

October 21, 2020

Tharshini Ashokan

Funds must ensure they provide sufficient evidence to back up market valuations when reporting real property assets, an SMSF technical expert says.

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Auditing

Notification key to audit change

October 20, 2020

Tharshini Ashokan

SMSF clients need to be informed of the changes to the auditor independence standards and how their funds may be be impacted as a result, an SMSF technical expert says.

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Investments

Capital preservation key to SMSF success

October 19, 2020

Tharshini Ashokan

Fund managers offering capital preservation following the COVID-19 pandemic will appeal to SMSFs struggling in a highly volatile market, an investment expert says.

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Property

Thinktank closes $600m securitisation deal

October 19, 2020

Tharshini Ashokan

Thinktank has closed its sixth and biggest commercial mortgage-backed securitisation transaction to date for the amount of $600 million.

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ATO, Auditing

ATO gives auditors independence grace period

October 15, 2020

Tharshini Ashokan

Firms not complying with the recently restructured APES 110 Code of Ethics for Professional Accountants will not be immediately penalised, the ATO says.

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Retirement

Retirement income report delay a letdown

October 15, 2020

Tharshini Ashokan

The government’s failure to share the report on the Retirement Income Review will prevent much-needed industry reform from taking place, the opposition says.

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