News : Legislation

financial advice, Financial Planning, Legislation, Tax

Div 296, CSLR priorities for Liberals

Opposition financial services spokesman Luke Howarth has stipulated a coalition government will scrap the Division 296 tax and change the CSLR..

Opposition financial services spokesman Luke Howarth has stipulated a coalition government will scrap the Division 296 tax and change the CSLR.

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Death benefits, Legislation, SMSF, Superannuation

Benefit dispute highlights SMSF value

DBA Lawyers, William Fettes, BDBN, AFCA, Federal Court, Richard Lynn, Australian Prudential Regulation Authority, APRA, SMSF death benefit, SMSF lawyer,

A death benefit payment that was ruled on by AFCA and the courts has demonstrated the advantages of nominations and succession planning inside an SMSF.

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Business News, financial advice, Legislation, SMSF, Superannuation

FAAA launches election hub

Financial Advice Association Australia, FAAA, Sarah Abood, Labor, Liberal, election

The FAAA has established an election hub for advisers to provide insight into how their local candidates stand on issues related to key financial advice reforms.

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financial advice, Legislation, SMSF, Superannuation

CSLR should be future govt priority

The FAAA has called for the next federal government to urgently fix the CSLR and move quickly to advance reforms that will reduce advice costs and open pathways to new advisers.

The FAAA has called for the next federal government to urgently fix the CSLR and move quickly to advance reforms that will reduce advice costs and open pathways to new advisers.

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ATO, financial advice, Legislation

UPE classification may now change

Insurance proceeds, institute of Financial Professionals Australia, IFPA, Natasha Panagis, ATO, income Tax Regulations,

The treatment of UPEs as loans from beneficiaries to unit trusts may no longer stand due to a recent full Federal Court decision.

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ATO, Legislation, SMSF, Superannuation, Tax, Trusts

Avoid state trustees in estate plans

Cooper Grace Ward, Sarah Camm, Gainer, Clinton Jackson, Annual Adviser Conference, Brisbane, ATO,

State or public trustees should be avoided as a back-up plan in SMSF estate plans as they often don’t want the job and assigning it to them could breach superannuation laws.

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Legislation, Tax

Up in the air

The fate of the Division 296 tax is facing different challenges and scenarios in the face of the upcoming federal election.

The fate of the Division 296 tax is facing different challenges and scenarios in the face of the upcoming federal election.

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Administration, ATO, Legislation, SMSF, Superannuation

Slight advisory impact, but no substance

Federal budget, financial advice, FAAA, Financial Advice Association Australia, ATO, Phil Anderson,

The federal budget has included a few measures impacting advisers, but lacks any detail regarding the greater financial services sector.

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financial advice, Legislation

FAAA critical of DBFO proposals

The FAAA has called the next round of proposed DBFO changes disappointing given the time the government has had to work on the measures.

The FAAA has called the next round of proposed DBFO changes disappointing given the time the government has had to work on the measures.

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financial advice, Financial Planning, Legislation

SOAs to go under further DBFO reform

Delivering Better Financial Outcomes, DBFO, Stephen Jones, Treasury, Federal Election, Parliament, Client Advice Record, 

The statement of advice may soon be replaced with a client advice record under the next stage of the government’s advice reform package.

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