Articles by Todd Wills

ASIC, Regulation

SMSF investment firm director charged

ASIC Aryn Hala A One Multi crypto SMSF Rollover

The former director of an unlicensed financial services business who convinced investors to transfer their retirement savings into an SMSF has been charged with nine offences.

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ETFs, Investments, Platforms

OpenInvest partners with boutique firm

OpenInvest investment platform Aldersley Capital Wealth management solution ETFs

OpenInvest has teamed up with Aldersley Capital to offer access to three distinct investment portfolios.

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Compliance, Contributions, Property

Property improvements a cap risk

Property assets Improvements Contributions Contribution caps SMSFs

Changes to property assets in an SMSF are likely to be considered contributions to the fund as they meet the definition of a contribution under taxation law.

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ETFs

BlackRock adds iShares ETFs

BlackRock iShares ETF Exchange traded fund

BlackRock will add three additional options to its iShares style-based suite of exchange-traded funds.

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Administration, BDBNs, Death benefits, Documentation

Case shows need for BDBN paper trail

SMSF BDBN Capacity Death benefit NSW Supreme court

The NSW Supreme Court has deemed a BDBN made on the day of an SMSF member’s death valid, despite a challenge in relation to the deceased’s capacity to execute the document.

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Contributions, NALI/NALE, Regulation

Asset shortfall a NALI risk

NALI SMSF Asset transfers LCR 2021/2 Contributions market value

SMSF practitioners and trustees have been warned about the potential NALI risks involved when transferring assets into a fund.

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ATO, financial advice

FAAA pushes for tax portal access

FAAA ATO portal access Tax data Financial advisers

The FAAA has urged the government to permit financial advisers to access clients’ tax information in order to simplify the advisory process.

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Property, Regulation, SMSF

Be wary of trust control trap

SMSF Property In-house assets Related-parties Unit trust Ownership

Scrutinising the structure and governance of a unit trust tied to a property development is critical to the success of an SMSF’s investment in the project.

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Administration, Regulation, SMSF

SMSFs can report GST annually

ATO GST SMSF Reporting

SMSFs can save time and administrative costs by electing to report their GST obligations annually, provided they meet a certain set of conditions.

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Death benefits, SMSF, Succession Planning

Equity rule key to benefit payments

Equity SMSF Death benefit BDBN Reversionary pension

Understanding the rules of equity is essential in determining how superannuation death benefits will be paid out in a legal case.

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