Australia’s superannuation industry needed to focus and move forward on what united it instead of becoming fixated on divisive issues, SMSF Association chief executive Andrea Slattery said today.

The ATO is soon likely to allow SMSFs with no assets at 30 June to apply for a return not necessary (RNN) classification as long as they showed that they now contained assets.

When it came to the gender split of SMSF trustees, women’s confidence in relation to their fund was much higher than previously thought, according to the latest industry research.

Part 1 of this two-part article considered some reserves that may be used by trustees of SMSFs and some guidance on the use of reserves. Part 2 continues the consideration of the range of reserves and looks at rules regarding payment out of the reserves.

BGL Corporate Solutions has announced over 1000 firms are now using Simple Fund 360, making it the most widely used SMSF administration program in Australia.

Commercial law firm Cowell Clarke is offering accountants full compliance support in the lead-up to the introduction of the new licensing regime via a new secure web portal that will act as a management tool for licensee compliance requirements, needs and queries.

Equity crowdfunding is resonating with sophisticated Australian investors, particularly SMSF trustees, as an appealing alternative asset class, according to a trans-Tasman platform.

Class has reported a net profit after tax (NPAT) of $2.19 million, up 64.6 per cent, for the half-year ended 31 December 2015, after taking into account post-initial public offering (IPO) transaction costs.

Specialist SMSF document provider BMR Corporate Solutions has boosted its integrated arrangement with Macquarie Bank.