Articles by Tharshini Ashokan

Appointments

CAANZ appoints new CEO

Chartered Accountants CEO

CAANZ has appointed a former lawyer and senior Westpac staffer as its new chief executive four months after announcing the departure of Rick Ellis.

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ATO, Documentation

ATO open to digital signature use

ATO digital signature

Using a digital signature is an acceptable option for trustees unable to meet their SMSF financial statement signature requirements as a result of social distancing measures, the ATO says.

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ATO, Property

Rent records vital to ATO no-action position

Rent relief SMSF

Trustees must ensure any changes to property leases are well documented in order to be included in the ATO’s updated no-action position on COVID-19 rent relief provided by SMSF landlords, a legal expert says.

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ATO, Superannuation

Govt tips over 1.5m early access applications

early access super

The government expects over 1.5 million people to apply for early release of their super under its COVID-19 relief measure.

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ASIC, Auditing

ASIC disqualifies four SMSF auditors

ASIC disqualified SMSF auditors

ASIC has disqualified four SMSF auditors and suspended two more as part of ongoing action against SMSF auditor misconduct.

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Insurance, Superannuation

Early super access could halt insurance cover

Super life insurance

Members who access their super early under the government’s coronavirus relief measures should consider how this will affect the life insurances provided by their super fund, a technical expert says.

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Compliance, LRBA

LRBA compliance essential despite COVID-19

LRBA compliance

Trustees forced to sell units in a trust subject to existing LRBAs should keep in mind the relevant compliance issues, regardless of the COVID-19 pandemic, a legal expert says.

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Appointments

AFCA appoints new lead ombudsmen

AFCA ombudsman

AFCA has appointed a new superannuation lead ombudsman and investments and advice lead ombudsman.

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ATO, Compliance

Early super access possible for TRIS members

Early super access TRIS

Members with a TRIS might be able to access their super early if it consists of preserved or restricted non-preserved benefits, the ATO says.

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Auditing

Auditors need better protection

SMSF auditors protection

Current steps to address SMSF auditor number misuse (SAN) are a good start but a better process than manual checking needs to be developed, a specialist auditor has claimed.

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