News : Accounting

CAANZ welcomes commitment to no new super taxes

April 17, 2019

A leading accounting body has welcomed the commitment by both major political parties to not add new super taxes, but has asked for more policy details.

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Accounting, Tax

Accountants slam Shorten over deduction ‘rort’ remark

April 15, 2019

Hrishikesh Joshi & Jason Spits

Two accounting bodies have hit back at Bill Shorten for labelling deductions for managing tax affairs as a ‘rort’ and promising to limit them to $3000.

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Accounting

SMSF Party falls short of registration deadline

April 12, 2019

Jason Spits

The SMSF Party has fallen short in its attempt to become a registered party before the 18 May federal election, after it failed to demonstrate it had sufficient voting members.

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Accounting

NALI, LRBA changes unlikely to pass before poll

April 4, 2019

Jason Spits

A bill to make changes to the rules around calculations for NALI and the value of assets in an SMSF with an LRBA are likely to lapse after stalling in the Senate.

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Accounting, ASIC, Financial Planning

ASIC puts new conditions on SMSF Advisers Network

April 4, 2019

Hrishikesh Joshi

ASIC has imposed additional licence conditions on the NTAA-owned SMSF Advisers Network following concerns about compliance with the best interest duty.

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Accounting

FASEA-driven adviser exodus not dramatic

April 2, 2019

Darin Tyson-Chan

The effect the new Financial Adviser Standards and Ethics Authority (FASEA) education requirements and other legislative changes to the financial services sector are having in reducing advisory numbers is less severe than perceived, according to a business consultant. However, before people can start to assess the impact of these factors they need to better understand […]

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Accounting, Financial Planning