Articles by Tharshini Ashokan

LRBA

LRBA with related-party lender can get relief

LRBA loan relief

SMSF LRBAs with related-party lenders can receive loan repayment relief during the coronavirus pandemic without breaching NALI rules, a technical expert says.

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ATO, Superannuation

Early release super processing resumes

Early release superannuation processing

Processing of COVID-19 early release superannuation applications has resumed after the ATO put the process on hold due to fraudulent activity.

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ETFs

BetaShares unveils G7 bond ETF

Betashares G7 etf

BetaShares has launched a new ETF designed to give Australian investors access to long-maturity sovereign bonds issued by G7 nations.

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Financial Planning

Bodies welcome royal commission deferment

royal commission deferral

Stakeholder groups have welcomed the government’s move to defer the implementation of measures relating to the banking and financial services royal commission.

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Investments, Retirement

Retirees with market fears shouldn’t cash out

retirees cashing out

Retirees should stay invested and avoid cashing out despite market volatility as a result of the coronavirus pandemic, an investment expert has said.

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Property, Superannuation

Govt code provides rent relief clarity

leasing code rent relief

The government’s code of conduct on leasing principles under COVID-19 is an ideal reference for trustees struggling to understand the provision of rent relief to tenants.

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Superannuation

Govt welcomes APRA early release data

APRA early release data

The government has welcomed new APRA data relating to the early release superannuation scheme which shows consumers are receiving funds in a matter of days.

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Direct Property, Superannuation

ATO flags property development concerns

ATO SMSF property development

Property development via an SMSF is a legitimate investment, the ATO has said, but it is concerned about schemes moving funds into super or damaging retirement incomes.

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ASIC

ASIC permanently bans SMSF adviser

SMSF adviser permanently banned

ASIC has permanently banned an ACT-based SMSF adviser from providing financial services as a result of not considering the best interests of clients.

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Auditing

Auditors off hook for rent relief breaches

auditors rent relief breaches

Contraventions of super laws that might arise as result of rental relief measures do not need to be reported by auditors for the current financial year, the ATO says.

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