News : Investments

ASIC, Crypto Assets, Investments, Regulation

ASIC takes action over crypto mining scheme

SMSF Blockchain mining Cryptocurrency assets Digital assets SMSF ASIC NGS Companies

ASIC has commenced legal action against three blockchain mining companies that encouraged individuals to transfer their entitlements into SMSFs and convert them into cryptocurrency.

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ETFs, Investments

Franklin Templeton releases flagship ETFs

Franklin Templeton ETF exchange-traded fund Global Growth Fund Australian Absolute Return Bond Fund

Franklin Templeton has released listed versions of two of its leading managed funds offering global growth and fixed income exposure to all investors.

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Cryptocurrency, Documentation, Investments, SMSF

Failed crypto investments a liability risk

Cryptocurrency Digital assets Investment strategy Trust deed SIS Act SMSF Liability Sole purpose test

SMSF practitioners should check if client funds are correctly holding digital assets as they may become liable for losses if the fund doesn’t permit investments in the asset class.

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ETFs, Investments

Global X unveils AI ETF

Global X Artificial intelligence ETF AI

Global X has added to its suite of technology-focused ETFs with a new fund targeting the growth of the artificial intelligence sector.

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ASIC, Investments

Mayfair director arrested for dishonest conduct

ASIC James Mawhinney Mayfair 101 IPO Wealth Fund dishonest conduct

Following a day of court action to strike out parts of an ASIC case against him, Mayfair 101 managing director James Mawhinney has been charged with dishonest conduct.

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Administration, Investments, LRBA, SMSF

Legacy LRBAs forgotten by lenders

LRBA SMSF Refinancing Legacy LRBAs Lending Loans

LRBAs from banks and lenders who have exited the SMSF space are most likely being under-serviced and advisers and accountants should be encouraging clients to review them to gain the best interest rates available.

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Auditing, Investments, SMSF

Private company valuations unique

Unlisted assets Private companies Valuations SMSF Market value Audit evidence

Different techniques are required to overcome the difficulties of establishing the value of an investment by an SMSF in a private company.

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Investments, SMSF, Strategy

Investment strategy errors shared

The common mistakes SMSF trustees make over the fund’s investment strategy have been highlighted by a senior industry executive.

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ETFs, Investments

Vanguard drops bond ETF fee

Vanguard ETF Management fee Reduction Vanguard Australian Government Bond Index ETF

The yearly fee associated with one of Vanguard’s most popular ETF products has been cut by several basis points.

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Cryptocurrency, Investments, Regulation

Crypto growth needs firm regulation

Cryptocurrency Regulation Cryptocurrency exchanges Digital assets Caleb & Brown

Strong protections need to be in place to cope with the increasing demand for cryptocurrency investments coming from individual and SMSF investors.

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