News : Compliance

Compliance, Investments, Legislation, Regulation

Netwealth acts on First Guardian losses

Netwealth has agreed to compensate individuals who lost money as a result of using its platform to invest in the First Guardian Master Fund.

Netwealth has agreed to compensate individuals who lost money as a result of using its platform to invest in the First Guardian Master Fund.

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ATO, Compliance, In-house assets, Legislation, Regulation

Ignoring in-house asset breaches unwise

Trustees dealing with a breach of the in-house asset rules should not believe inaction provides a satisfactory solution to the problem.

Trustees dealing with a breach of the in-house asset rules should not believe inaction provides a satisfactory solution to the problem.

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Compliance, financial advice, Financial Planning, Management

FAAA urges action to ensure FAR status

The FAAA is asking advisers to double check whether they have satisfied the education obligations required to remain on the Financial Advice Register.

The FAAA is asking advisers to double check whether they have satisfied the education obligations required to remain on the Financial Advice Register.

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Compliance, Contributions, Strategy

Recontribution strategy basics an issue

Some withdrawal and recontribution strategies are triggering compliance breaches because members have not satisfied a full condition of release.

Some withdrawal and recontribution strategies are triggering compliance breaches because members have not satisfied a full condition of release.

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Compliance, Legislation, Regulation, Strategy

EPOA best set up before travel

SMSF trustees opting to use an EPOA to satisfy the central management and control test when overseas should do so prior to leaving Australia.

SMSF trustees opting to use an EPOA to satisfy the central management and control test when overseas should do so prior to leaving Australia.

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Compliance, financial advice, Financial Planning, Legislation, Regulation, Superannuation

CSLR levy threat to adviser numbers

The FAAA is worried the growing special levy impost on financial advisers could see more practitioners exit an already shrinking sector.

The FAAA is worried the growing special levy impost on financial advisers could see more practitioners exit an already shrinking sector.

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ATO, Compliance, Technology

ATO urges app use to prevent fraud

SMSF trustees and members have been encouraged to use an ATO-developed app that can lock down their fund if suspicious activity is flagged.

SMSF trustees and members have been encouraged to use an ATO-developed app that can lock down their fund if suspicious activity is flagged.

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ATO, Compliance

Trustee disqualifications decline

The number of trustees disqualified by the ATO has continued to fall during the year, following a trend seen during 2024.

The number of trustees disqualified by the ATO has continued to fall during the year, following a trend seen during 2024.

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Compliance, Pensions, Regulation

Multiple pensions can save payment error

SMSF members can use multiple pensions to avoid breaching payment rules, but must have clear documentation to support this strategy.

SMSF members can use multiple pensions to avoid breaching payment rules, but must have clear documentation to support this strategy.

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