Articles by Todd Wills

ATO, Auditing, Compliance, SMSF

Clean audit file key in case of review

SMSF auditors audit file ATO review

In anticipation of a potential ATO review, SMSF auditors have been advised to maintain essential documents and ensure their audit files are free from irrelevant information.

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Compliance, Regulation, SMSFA

SMSF residency rules neglected

SMSF residency rules

The government has missed an opportunity to clarify future changes to SMSF residency rules as part of a current consultation process.

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Retirement, Superannuation

Retirees struggling with complex system

Retirement cost of living financial literacy

Many Australian retirees face difficulties in understanding the retirement system and lack confidence in managing their finances for retirement.

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Compliance, Contributions, Strategy, Superannuation

Excess contribution refund needs approval

Excess concessional contributions refund

SMSF trustees who exceed their concessional contribution cap limit should wait for the ATO to issue a release authority before seeking a release of the excess funds.

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Regulation, SMSFA, Superannuation

Objective needs clarification

Objective of superannuation

The proposed objective of superannuation requires a more precise definition due to the presence of vague terms in the statement.

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Legislation, NALI/NALE

NALE bill tabled in parliament

NALE bill parliament

The government has introduced a bill into parliament to change the non-arm’s-length expenditure regime to match the position taken in the budget.

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ETFs, Investments

Global X unveils cybersecurity ETF

Global X ETF cybersecurity

Global X has expanded its suite of ETFs with the introduction of a new fund that specifically targets investments in the cybersecurity sector.

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Regulation, Residential Property, Superannuation

Parliament approves FHSSS changes

First home super saver scheme

Parliament has approved a bill introducing multiple changes to the First Home Super Saver Scheme.

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Appointments, Platforms

SuperConcepts appoints tech services head

SuperConcepts general manager technical services Craig Stone

SuperConcepts has named Craig Stone as the general manager of the technical services team following his arrival at the company in August.

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Business News, Investments, Platforms

OpenInvest partners with Victorian firm

OpenInvest hmh Advisory

OpenInvest has teamed up with accounting firm hmh Advisory to offer access to four diversified investment portfolios.

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