Government guidance on its proposed superannuation earnings tax has raised questions about events that push people into the new tax threshold

The SMSF Association has noted the Quality of Advice Review recommendations failed to address the role accountants can play in financial planning.

CAANZ has been approved to offer the Fee-Help loan scheme to accounting students which should attract new talent to the profession.

A further reduction in the eligibility age to make downsizer contributions has passed through parliament and may take effect by the start of next year.

Proposals to reform the provision of advice should be adopted, but need to include greater input from industry as to their design and implementation.

The May 2023 budget will now become the focus for key changes for the SMSF sector after the October budget did not address them.