Articles by Tharshini Ashokan

ASIC, Compliance

ASIC exposes fee disclosure issues

ASIC report financial advice

A new ASIC report has revealed consumers receiving financial advice could be in receipt of incomplete information about their fees and being charged fees even after the relevant arrangements have been cancelled.

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Property

Duty, land tax changes have trust implications

Duty and land tax changes have trust implications

The State Revenue Legislation Further Amendment Bill 2019 (NSW) may impact on discretionary trusts holding residential property in NSW despite not yet being law, a specialist legal firm says.

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LRBA, Property

Unit trusts a good LRBA alternative

Non-geared unit trust

Non-geared unit trusts are a smart alternative for trustees with concerns about LRBAs, an SMSF administrator says.

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Financial Planning, Retirement

Trust rate high among retirees with advisers

Retirees financial advice

New research has shown most retirees receiving expert financial advice are happy with it, however the vast majority still prefer to manage their finances themselves.

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Business News, Investments

Betashares to launch low-cost ETF range

Betashares low-cost ETF range

Betashares’ new suite of low-cost diversified ETFs is expected to start trading on the ASX before the end of the year.

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ASIC

Adviser banned for best interests failure

ASIC SMSF adviser

ASIC has banned a financial adviser for six years for failing to prioritise his SMSF clients’ interests.

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Retirement, Superannuation

Compulsory superannuation necessity questioned

Compulsory superannuation

The review of the retirement income system should assess whether compulsory superannuation is still necessary, an industry consultant says.

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LRBA

New TSB measure could hit SMSFs with LRBA

LRBA TSB measure

A new integrity measure that includes members’ share of LRBA borrowings in their TSB could have detrimental consequences for some, an SMSF legal firm warns.

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ATO, Superannuation, Tax

TBC indexation may take place in 2020

TBC indexation

The ATO has told trustees the expected indexation of the general TBC could occur as early as mid-2020.

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ASIC

NALI implications in ASIC factsheet

ASIC factsheet NALI

ASIC’s estimation of the time trustees spend managing SMSFs may add a concerning dimension to the NALI rules relating to fund expenses.

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