News : Legislation

ASIC, Compliance, Investments, Legislation

Seventh Shield-linked adviser banned

A financial adviser from a licensee that has had six practitioners banned has met the same fate over advice to invest in the Shield Master Fund.

A financial adviser from a licensee that has had six practitioners banned has met the same fate over advice to invest in the Shield Master Fund.

read more
ATO, Auditing, Compliance, Legislation, Regulation

Breach leniency contrasts audit focus

The ATO has supposedly been far more lenient with trustees who have breached super laws than with the auditors who have identified the problems.

The ATO has supposedly been far more lenient with trustees who have breached super laws than with the auditors who have identified the problems.

read more
Auditing, Compliance, Legislation, Regulation

All audit relationships need scrutiny

Auditors who engage with a non-financial services business and also audit the proprietor’s SMSF might breach auditor independence rules.

Auditors who engage with a non-financial services business and also audit the proprietor’s SMSF might breach auditor independence rules.

read more
Compliance, Documentation, Legislation, Regulation

Dentists receive super release guidance

The ADA has released new guidelines to remind dentists of their responsibilities if patients want to use super to pay for treatment.

The ADA has released new guidelines to remind dentists of their responsibilities if patients want to use super to pay for treatment.

read more
Compliance, Legislation, Regulation

Compassionate release warning issued

A joint warning from two industry regulators has been released to address the inappropriate early release of super benefits on compassionate grounds.

A joint warning from two industry regulators has been released to address the inappropriate early release of super benefits on compassionate grounds.

read more
Compliance, Division 296, Investments, Legislation, Tax

Revised tax may change asset choice

Changes to the Division 296 tax may make high-growth assets more attractive over income-producing investments for SMSF members.

Changes to the Division 296 tax may make high-growth assets more attractive over income-producing investments for SMSF members.

read more
Division 296, Legislation, Tax

Further endorsement for Div 296 move

The government’s changes to the proposed Division 296 tax have received support from two more organisations that opposed the original measure.

The government’s changes to the proposed Division 296 tax have received support from two more organisations that opposed the original measure.

read more
Division 296, Legislation, Superannuation, Tax

New Div 296 issues emerge

While changes to the Division 296 tax have been welcomed, the shift has raised new questions on its altered operation and application.

While changes to the Division 296 tax have been welcomed, the shift has raised new questions on its altered operation and application.

read more
ASIC, Compliance, Legislation

Super fund executive found not guilty

The case brought against a senior super fund executive by ASIC has been dismissed, with it deemed the defendant had no case to answer.

The case brought against a senior super fund executive by ASIC has been dismissed, with it deemed the defendant had no case to answer.

read more
Compliance, Division 296, Legislation, Tax

Potential Div 296 impact grows

The latest industry research has highlighted a growing number of SMSFs will be impacted by the proposed Division 296 tax.

The latest industry research has highlighted a growing number of SMSFs will be impacted by the proposed Division 296 tax.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.