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.

The federal budget proposal that income generated from excess non-concessional contributions has to be refunded along with the contributions themselves will be difficult for SMSFs to comply with, according to some sector experts.

The announcement changing how the age pension applies to Australians contained in last week’s budget is likely to place even more importance on superannuation savings, according to an industry commentator.

Advisers may need to revise their clients’ pension strategies in the wake of the changes to the assessable income rules handed down in last week’s federal budget, an industry expert has said.

The SMSF Professionals’ Association of Australia (SPAA) has repaid 13 founding members a total of $26,000 in start-up subscriptions after changing its constitution to allow the funds to be released.