News : Accounting

Accounting, financial advice, SMSF, Superannuation

Added endorsement for financial abuse move

Financial abuse, superannuation.,

The country’s two peak accounting bodies have applauded the government’s commitment to restrict any monetary gains of financial abuse perpetrators.

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Accounting, Regulation, SMSF, Superannuation

Opposition advice commitment welcomed

Compensation Scheme of Last Resort, CSLR, FAAA, Sara Abood, CAANZ, Chartered Accountants Australia and New Zealand, Labor,

Opposition plans to reduce the cost of the Compensation Scheme of Last Resort and rebuild the advice sector have been welcomed by advice bodies.

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Accounting, financial advice, Financial Planning, SMSF

AML changes capture accountants

SMSF advice, Anti-Money Laundering/Counter Terrorism Funding , AML/CTF, accountants, SMSF Association, Keddie Waller, designated services, SMSF set-up, registered post office, AUSTRAC

Changes to anti-money laundering laws will capture SMSF advice provided by accountants, who have been left with limited time to comply with the new measures.

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Accounting, financial advice, Financial Planning

Accountants’ advice role to be upped

Accountants, ATO portal, Treasury, Tax agents, Shadow minister for Financial Services, Luke Howarth, SMSF Association National Conference 2025,

Accountants will be allowed to play a more significant role in the provision of financial advice should the coalition win the next federal election.

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Accounting, financial advice, Financial Planning, Superannuation

Reconsider accountants advice role

Accountants, superannuation advice, New Class of Adviser, Institute of Financial Professional Australia, IFPA, Natasha Panagis, ATO portal, registered tax agent, limited licensing

The ability for the proposed new class of adviser to provide super advice has reignited calls for accountants with their higher qualifications to be able to do the same.

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Accounting, Legislation, SMSF, Superannuation, Tax

Trust low over ALP super policy

The latest research into consumer sentiment regarding superannuation policy has shown a distinct distrust in the government among Australians.

The latest research into consumer sentiment regarding superannuation policy has shown a distinct distrust in the government among Australians.

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Accounting, Business News

Financial reporting framework to be revised

Stephen Jones Australian Accounting Standards Board Auditing and Assurance Standards Board Financial Reporting Council Chartered Accountants ANZ Amir Ghandar

Treasury has released a consultation paper regarding the proposed merger of three Australian financial reporting bodies.

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Accounting

Retirement savings required quantified

The latest analysis into superannuation has revealed the extent to which inflation has impacted the amount of savings a person needs in retirement.

The latest analysis into superannuation has revealed the extent to which inflation has impacted the amount of savings a person needs in retirement.

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Accounting

TRIS overpayment guidance needed

More guidance is needed to ascertain whether the ATO will provide discretion for SMSF members who overpay a TRIS after existing information was withdrawn by the regulator.

More guidance is needed to ascertain whether the ATO will provide discretion for SMSF members who overpay a TRIS after existing information was withdrawn by the regulator.

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Accounting, Legislation, SMSF, Superannuation, Tax

Board finalises conduct code guidance

Tax agents must adhere to eight new reforms finalised last month by the TPB, which is committed to supporting the transition via education.

Tax agents must adhere to eight new reforms finalised last month by the TPB, which is committed to supporting the transition via education.

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