News : financial advice

Large-fund discontent works for SMSFs

March 5, 2025

SMSFs and advisers who service them are set to benefit from the growing dissatisfaction members of public offer super funds are openly expressing.

ATO information access essential

ATO, SMSF Association, client data, SMSF administrators, client information, Treasury, review of the tax regulator secrecy exceptions, qualified tax relevant providers, tax (financial) advice, superannuation

March 4, 2025

Jason Spits

The SMSF Association has urged the government to give advisers and administrators access to client data held by the ATO, given the law obligates them to operate with correct information.

New investment facility added to OpenInvest

OpenInvest has partnered with an accounting and advisory firm to give its clients access to an online investment solution.

March 4, 2025

Lara Caughey

OpenInvest has partnered with an accounting and advisory firm to give its clients access to an online investment solution.

AML changes capture accountants

SMSF advice, Anti-Money Laundering/Counter Terrorism Funding , AML/CTF, accountants, SMSF Association, Keddie Waller, designated services, SMSF set-up, registered post office, AUSTRAC

March 3, 2025

Jason Spits

Changes to anti-money laundering laws will capture SMSF advice provided by accountants, who have been left with limited time to comply with the new measures.

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financial advice, Financial Planning

FAAA calls for fixing of CSLR flaws

FAAA, CSLR, post-implementation review, Financial Advice Association of Australia, Compensation Scheme of Last Resort, personal advice, general advice, wholesale client advice, special levy, sector cap, $10 million

March 3, 2025

Darin Tyson-Chan

The FAAA has made several key recommendations to improve the CSLR in its submission regarding the post-implementation review of the measure.

Accountants’ advice role to be upped

Accountants, ATO portal, Treasury, Tax agents, Shadow minister for Financial Services, Luke Howarth, SMSF Association National Conference 2025,

February 24, 2025

Darin Tyson-Chan

Accountants will be allowed to play a more significant role in the provision of financial advice should the coalition win the next federal election.

Retiree confidence undermined

Retirees are less confident in their financial future as a result of cost-of-living increases and are keen to receive help in managing their super.

February 24, 2025

Lara Caughey

Retirees are less confident in their financial future as a result of cost-of-living increases and are keen to receive help in managing their super.

Reconsider accountants advice role

Accountants, superannuation advice, New Class of Adviser, Institute of Financial Professional Australia, IFPA, Natasha Panagis, ATO portal, registered tax agent, limited licensing

February 18, 2025

Jason Spits

The ability for the proposed new class of adviser to provide super advice has reignited calls for accountants with their higher qualifications to be able to do the same.

BRP test hinges on business operation

Property, commercial, Business real property. Natalie Scott, Accurium,

February 17, 2025

Darin Tyson-Chan

Whether a tenant uses a premises to operate a commercial enterprise is the sole determining factor in satisfying one of the business real property criteria.

SMSFA welcomes expanded pathway

The SMSF Association has welcomed an expansion of the pathway for new entrants into financial advice, but wants to ensure current quality standards are retained.

February 11, 2025

Jason Spits

The SMSF Association has welcomed an expansion of the pathway for new entrants into financial advice, but wants to ensure current quality standards are retained.

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