Articles by Tia Thomas

Squirrel penalised for false investment claims

June 20, 2022

Squirrel Superannuation Services has been ordered to pay a penalty after ASIC found it falsely marketed investment returns for residential property held via SMSFs.

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ATO, Compliance

ATO adds 170 to disqualified trustee register

June 20, 2022

Tia Thomas

The ATO has updated and published its disqualified trustee register to include individuals disqualified before 31 March.

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ASIC

Ex-adviser breaches ASIC ban order

June 20, 2022

Tia Thomas

A former Queensland adviser has breached a seven-year ASIC ban, while another has had a conviction for dishonest conduct overturned.

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Death benefits

Trust deed critical for death benefits

June 16, 2022

Tia Thomas

The detail included in an SMSF trust deed requires examination to understand the procedures that need to be followed regarding death benefit payments.

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Superannuation

Younger trustees driving establishments

June 15, 2022

Tia Thomas

New SMSF establishments instigated by younger trustees during the COVID-19 pandemic period have driven an uptick in the total number of funds.

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ATO

SMSF landlords reminded of allowable claims

June 14, 2022

Tia Thomas

The ATO has reminded SMSF trustees which common tax mistakes they should avoid when making repairs to rental investment homes.

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Retirement, Superannuation

Comfortable retirement from super not certain

June 9, 2022

Tia Thomas

Research has found high number of Australians are not confident their superannuation savings can provide a comfortable retirement.

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ASIC

ASIC granted orders against developer

June 8, 2022

Tia Thomas

ASIC has moved to freeze the assets of a property developer who while unlicensed advised clients to roll super into an SMSF to invest in property developments.

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Appointments, Technology