The federal government today said it did not agree with the Financial System Inquiry’s recommendation to prohibit limited recourse borrowing arrangements by superannuation funds.

Chartered Accountants Australia and New Zealand (CAANZ) has announced its head of superannuation Liz Westover will leave the body next month, with the search for her replacement underway.

The SMSF industry should conduct a review of the current investment strategy rules and primarily whether the trustee’s responsibility to formulate the strategy was still appropriate, according to a sector expert.

Developments in technology, such as automation, the cloud and built-in processes, meant SMSF advisers and accountants could use software to boost their clients’ results and engagement.

The SMSF Association (SMSFA) has welcomed the appointment of Jim Chalmers as Labor’s superannuation and financial services spokesman.

SMSF administration software specialist Class believes its initial public offering (IPO) will boost its innovation and technology developments rather than hinder them, with the company announcing last Friday that its prospectus was lodged with ASIC to list on the Australian Securities Exchange. Commenting on whether being accountable for a larger shareholder base could make future […]

Paradigm Group has revealed two accounting firms have been shortlisted for its licensing offer for accounting practices seeking an outsourced Australian financial services licence facility.

Delivering one source of information for multiple users was a continual challenge confronting organisations providing automated SMSF audit services, according to an auditing software firm.

Accountants should be formally managing the advice demands of their clients as part of their offering, regardless of whether or not they choose to become licensed.