Articles by Tharshini Ashokan

Commercial Property

Thinktank exceeds $2b in loan settlements

Thinktank loan settlements

Thinktank has reached over $2 billion in loan settlements, attributing its success to the sustained demand for commercial property finance among investors.

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ATO, Auditing

ATO auditor review finds need for improved education

ATO review auditors

More than two-thirds of the 51 auditors studied by the ATO so far as part of its review of the top 100 SMSF auditors required education, the regulator has said.

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Commercial Property, LRBA, Residential Property

SMSF loan product launched

SMSF loan product

I Love Accounting (ILA) has announced the launch of an SMSF loan product, in conjunction with emoney, for ILA clients.

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ATO, Compliance

ATO penalties stifling trustees

ATO penalty scheme

The current ATO penalty scheme will push SMSF trustees towards non-compliance and may lead to some giving up on their funds altogether, an SMSF audit expert says.

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ATO, Strategy

ATO view on SMSF asset ranges correct

SMSF asset ranges

The ATO is right to say SMSF investment strategy documentation with ranges of 0 per cent to 100 per cent is unacceptable, according to an SMSF expert.

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Auditing, Financial Planning

Advisers key to auditor independence

Advisers key to auditor independence

Auditor independence is essential to fund compliance and should be prioritised by advisers on behalf of their SMSF clients, a legal expert says.

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ASIC, Superannuation

ASIC takes action over unlicensed SMSF scheme

ASIC unlicensed scheme

ASIC has taken action against a former Melbourne adviser over an unlicensed investment scheme that used SMSFs to secure funds.

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ATO, Superannuation

TBC indexation poses new complications

TBC indexation

The indexation of the general transfer balance cap, which could occur in mid-2020, will result in a higher level of complexity for trustees to contend with, an SMSF expert says.

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Education, FASEA

FASEA releases list of latest approved courses

FASEA approved courses

The draft 2019 determination of FASEA-approved courses has been released, including the latest qualifications to be approved by the education authority since the 2018 determination was registered.

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FASEA, Financial Planning

AFCA cautious on FASEA Code of Ethics

Australian Financial Complaints Authority

AFCA has announced it will take into account ASIC’s facilitated compliance approach to FASEA’s Code of Ethics when applying the new code to adviser conduct from January.

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