News : Accounting

FPA calls for levy freeze, CSLR expansion

October 10, 2022

The FPA has called for an extension to the ASIC levy freeze for another year, as well as a broader scope for the compensation scheme of last resort.

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Accounting, Financial Planning

Advice shift should include accountants

September 27, 2022

Jason Spits

A move to principles-based advice should consider the inclusion of accountants as providers of limited advice.

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Accounting, Trusts

Unit trusts need expert accounting

September 8, 2022

Darin Tyson-Chan

SMSF trustees investing in vehicles such as pre-1999 unit trusts need to ensure they receive specialist accounting services to avoid poor outcomes.

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Accounting

Listed access to Nasdaq-100 imminent

September 8, 2022

Darin Tyson-Chan

A listed managed fund is set to be launched this month giving investors access to the Nasdaq-100 index but with a reduced level of volatility.

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Accounting

Asset valuation date fluid in split

September 6, 2022

Jason Spits

SMSF members have some leeway in deciding when to value an asset that will be split as part of a divorce and are not locked into the splitting order date.

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Accounting

LightYear Docs expands service offering

August 8, 2022

Jason Spits

LightYear Group has expanded with the inclusion of We Love Group, which has already provided a suite of human resources documents for clients.

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Accounting

Hardship access is fund responsibility

July 27, 2022

Jason Spits

Super funds have been reminded they are responsible for deciding if a member can access funds early due to financial hardship, but the criteria is very limited.

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Accounting, Documentation

Next phase of electronic documents pending

July 21, 2022

Tia Thomas

More changes to allow the use of electronic documents across the SMSF sector are reliant on the government picking up work carried out by Treasury before the election.

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Accounting, Investments