Articles by Todd Wills

ETFs, Investments, Platforms

CommSec unveils international shares platform

International trading platform

Commonwealth Bank of Australia has launched an international share trading platform offering investors access to 13 additional international equities markets.

read more
Compliance, financial advice, Regulation

Ethical advice goes beyond compliance

SMSF advice ethics

When providing advice to SMSF clients, advisers should consider external factors as adhering to the Corporations Act may not guarantee ethical conduct.

read more
Technology

AI will be a friend, not a foe

AI technology should be viewed with an open mind within the SMSF industry as it has been a part of normal business processes for some time.

read more
NALI/NALE

NALE materiality a compromise

NALE materiality SMSF

The ability for SMSF auditors to decide if a NALE issue is worth flagging with the ATO may be a compromise position on the issue for the sector.

read more
Contributions, Superannuation

Keep contributing despite super tax

superannuation contributions earnings tax

Trustees should continue to contribute to their superannuation accounts as not doing so would not be a prudent strategy to adjust to the proposed super earnings tax.

read more
Compliance, Pensions, SMSF

Minimums key for multiple pensions

Minimum pension payments

Withdrawing more than the minimum amount from one pension will not fulfil the minimum payment requirement for another pension.

read more
ASIC, Auditing

ASIC acts against eight SMSF auditors

ASIC SMSF auditors

ASIC has disqualified the registrations of five SMSF auditors and placed additional conditions on the registrations of three SMSF auditors for failing to meet their auditing obligations.

read more
Education

Financial literacy program bears fruit

financial literacy

The Talk Money financial literacy education curriculum is boosting the confidence of primary and secondary school students in managing financial responsibilities.

read more
ATO, Pensions, Regulation, Superannuation

Commissioner TBC ruling not unconstitutional

Transfer balance cap

The Administrative Appeals Tribunal has upheld a decision by the tax commissioner that commuting an excess over the transfer balance cap was unconstitutional and carried out on unjust terms.

read more
ATO, Compliance, Pensions, SMSF

Limited discretion for pension shortfall

Minimum pension

SMSF trustees have limited opportunities to seek ATO discretion when they fail to meet their minimum pension requirements.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital