Articles by Todd Wills

ATO, Education

ATO releases SMSF education courses

ATO Education course Establishment Wind-up SMSF Self-managed super fund

The ATO has launched two new educational courses on its website to guide SMSF trustees through setting up or winding down a fund.

read more
Regulation, Tax

Coalition slams tax agent code changes

Tax agent Luke Howarth Stephen Jones Code of Professional Conduct Tax Practitioners Board

A government measure to introduce new obligations into the code of conduct for tax agents will impose an excessive compliance burden on smaller practitioners.

read more
Compliance, Regulation, Tax

Consultation open on tax agent changes

Consultation Tax agents Tax Practitioner's Board Treasury Registration requirements IFPA

Treasury has released a consultation paper proposing changes to the registration requirements for tax practitioners.

read more
Auditing, Regulation, SMSF

Auditors must report trustee interference

SMSF SMSF auditor Self-managed superannuation Undue influence SIS Act Superannuation (Industry) Supervision (SIS) Act ATO Auditor contravention report ACR

SMSF auditors could face hefty fines or even prison time if they fail to notify the ATO when a trustee tries to sway the outcome of an audit of their fund.

read more
ETFs, Investments

Betashares unveils hedged S&P 500 ETF

Betashares ETF Exchange traded fund Betashares S&P 500 Equal Weight Currency Hedged ETF Alex Vynokur

Betashares has added a currency-hedged version of its S&P 500 Equal Weight ETF to its suite of fund offerings, increasing the number of its currency-hedged investment vehicles to 23.

read more
Auditing, Compliance, Property, SMSF

Overseas property carries audit risk

SMSF auditors should always signal to the ATO their concerns over funds invested in overseas property which cannot provide suitable ownership data each year.

read more
AAT, Compliance, Regulation, SMSF

Case alters financial assistance view

Superannuation (Industry) Supervision (SIS) Act. AAT Merchant vs Commissioner [2024] ATO SMSF Self-managed superannuation Financial assistance Section 65

An SMSF may be at risk of breaching the SIS Act if it provides financial assistance to related parties, even when conducting seemingly standard transactions.

read more
Auditing, Compliance, Documentation, Property, SMSF

Act now on property valuation data

Comparable sales data Property valuations Asset valuations SMSF Self-managed superannuation Auditor Tactical Super Deanne Firth

To comply with ATO guidelines and auditor requirements, SMSF practitioners should secure up-to-date sales data for property valuations as soon as possible.

read more
AFCA, financial advice, Regulation

Dixon compensation may exceed $135m

Australian Financial Complaints Authority AFCA CSLR Compensation Scheme of Last Resort Dixon Advisory FAAA Financial Advice Association Australia Compensation Advisers

Financial advisers may have to cover over $135 million in compensation claims due to the collapse of Dixon Advisory, reigniting calls for a review of the CSLR funding model.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.