Articles by Todd Wills

ETFs, Investments

VanEck adds three new hedged ETFs

VanEck ETF Currency hedged

Global ETF provider VanEck has listed three of its international equity funds as Australian dollar hedged versions following demand from advisers and investors.

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Administration, ATO, Compliance, SMSF, SMSFA

ATO changes agent linking system

ATO online services Client-to-agent linking

The ATO has added an extra security step to its reporting platform for businesses, requiring SMSF trustees to follow it when appointing or changing agents to act on their behalf.

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Compliance, Contributions, Legislation, Superannuation

Payday super needs new penalty regime

Superannuation guarantee Contributions SG Payday super IFPA

Government plans to align super contributions with salary payments should be accompanied by a progressive penalty system.

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ASIC, Education, financial advice, Tax

Education requirement dropped for tax advisers

financial adviser tax agents education ASIC

Financial advisers who are registered tax agents are no longer required to fulfil certain education requirements to offer advice on tax matters.

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NALI/NALE

Boost SIS Act to address NALE

SMSF NALE NALE SIS Act Senate committee

An existing piece of legislation can be tweaked to carve out a specific treatment for non-arm’s-length arrangements for SMSFs without having to introduce a new and uneven super tax model.

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Administration, SMSF

Avoid Div 293 dual deadline confusion

ATO Division 293 tax

Trustees facing potential Division 293 tax liabilities should promptly respond to ATO notices in respect of the tax and consider using personal funds to settle the liability.

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Administration, Investments, SMSF, Strategy

Strategy review doesn’t mean changes

SMSF Investment strategy review SIS Act

The mandatory annual review of an SMSF investment strategy should not be confused with a perceived requirement to make changes.

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Administration, SMSF, Strategy, Tax

Family trusts can offset $3m tax

Family protection trusts Estate planning superannuation SMSF earnings tax

Family protection trusts can be used to manage additional tax obligations related to existing or future legislative changes to the superannuation system.

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Accounting, Administration, ATO, Compliance, SMSF

SMSF loans still a compliance risk

SMSF loans ATO Related party transactions

The ATO has urged SMSF trustees to carefully examine any borrowing arrangements in place and verify they are in full compliance with essential regulatory requirements.

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ASIC, Compliance, Investments, Pensions

SMSF investment firm’s assets frozen

ASIC Brite advisors Asset freeze

ASIC has successfully applied to the Federal Court to freeze the assets of a company that provides SMSF investment services after it failed to provide financial statements and auditor reports.

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