Articles by Todd Wills

BDBNs, Death benefits, SMSF, Superannuation

BDBN reforms supported

SMSF BDBN Superannuation death benefits Deed Enduring power of attorney

Proposed BDBN reforms put forward by the Law Council of Australia have gained a tick of approval from SMSF professionals.

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Business News, Superannuation

SMSF firm announces merger

Eureka Whittaker Macnaught Blue Harbour Financial Partners Merger

Two financial firms providing services to SMSF and superannuation clients have agreed to merge, effective immediately.

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Administration, ATO, SMSF

Extended wind-up window effective

SMSF Wind-up ATO ABN

SMSF wind-ups have become simpler due to an ATO decision to extend the timeframe for cancelling an Australian business number from 14 to 28 days.

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Death benefits, Pensions, SMSF, Tax

Div 296 reversionary pension trap

Division 296 Tax SMSF Reversionary pension Non-reversionary pension Death benefit pension

Superannuants with reversionary pensions may be unwittingly captured by the proposed Division 296 tax a year earlier than necessary.

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ASIC, Crypto Assets, Investments, Regulation

ASIC takes action over crypto mining scheme

SMSF Blockchain mining Cryptocurrency assets Digital assets SMSF ASIC NGS Companies

ASIC has commenced legal action against three blockchain mining companies that encouraged individuals to transfer their entitlements into SMSFs and convert them into cryptocurrency.

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ETFs

Firms launch funds on investment platform

Rask InvestSmart ETF portfolio SMSF

Rask and InvestSmart have released three ETF portfolios onto their newly launched joint investment platform.

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Cryptocurrency, Documentation, Investments, SMSF

Failed crypto investments a liability risk

Cryptocurrency Digital assets Investment strategy Trust deed SIS Act SMSF Liability Sole purpose test

SMSF practitioners should check if client funds are correctly holding digital assets as they may become liable for losses if the fund doesn’t permit investments in the asset class.

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ETFs, Investments

Global X unveils AI ETF

Global X Artificial intelligence ETF AI

Global X has added to its suite of technology-focused ETFs with a new fund targeting the growth of the artificial intelligence sector.

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ATO, Auditing, Compliance, Pensions

Beware of TRIS illegal access at audit

TRIS Illegal early access Pension ATO SMSF auditors

SMSF auditors have been warned trustees may be using a transition-to-retirement income stream to illegally access their superannuation entitlements.

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