BGL Corporate Solutions has called on the ATO to rethink the new superannuation reporting requirements, labelling them “draconian” and unmandated.

The SMSF Association has stressed the silo mentality in public policy formulation must end as isolated policy settings have predictably impacted on other policy areas, causing negative outcomes for the industry.

The SMSF Association’s chief has underscored the importance of collaboration between all sectors of superannuation in order to boost confidence in the $2.3 trillion retirement savings system.

Treasury has called for submissions in relation to the draft legislation governing the First Home Super Saver Scheme and the downsizing contribution measures contained in the 2017 federal budget.

The SMSF Association has announced it will establish a global centre of excellence for retirement savings, the body’s first major initiative under new chief executive John Maroney, who came on board in May.

Advisers will not need to worry about the distinction between the personal and general transfer balance caps (TBC) until these parameters have had indexation provisions applied to them, an SMSF technical expert has said.

Listed wealth management firm Spring Financial Group (Spring FG) has released a comprehensive seven-part SMSF trustee program, in a move that furthers its commitment to consumer and industry professional education.

The Australian Securities and Investment Commission (ASIC) has banned former Magnitude Group financial adviser Jason Sean Atkins from providing financial services for three years after it found he had failed to meet the best interests duty.

As SMSF advisers struggle to keep up with the myriad changes in the SMSF space, it’s the fallout from events-based reporting that may have the most impact.