Sentry Financial Services will address concerns raised by the Australian Securities and Investments Commission (ASIC) about advice provided to SMSF clients through its corporate authorised representative, Connect Financial Services.

Legislation and regulations for advice on property investment will be hard to achieve, despite being much needed, however, the financial services industry could still look at ways to improve the process and experience for investors.

The Australian Taxation Office (ATO) is optimistic the new penalty regime available to it from 1 July will cut down repeated compliance breaches by SMSF trustees.

Following a review into the administration of the excess contributions tax (ECT) regime, the Inspector-General of Taxation (IGT) has recommended a total of 11 changes be made to the existing system.

Fractional property provider DomaCom has unveiled a low-cost SMSF property product in response to increasing demand from generations X and Y to access the property market.

CMC Markets Stockbroking has announced its pricing levels for the new Australian Securities Exchange (ASX) mFund unlisted managed funds settlement service.

Treasury has endorsed having a non-prudential regulator, namely the Australian Taxation Office (ATO), govern the operation of the SMSF sector.

Rapid technological change will drive efficiencies in the SMSF space, but the thinking around administration capabilities must be separated from investment opportunities.

Trustees need to assess SMSF product offers with greater scrutiny or risk incurring heavy fines under the Australian Taxation Office’s (ATO) new penalty regime, a specialist superannuation lawyer has said.