News : Regulation

Contributions, Regulation

Downsizer timeframe now changed

downsizer contributions

An impending legislative change means individuals do not have to forgo making downsizer contributions even if they are not made at age 60.

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Contributions, Regulation

Downsizer change addresses two issues

downsizer contribution issues

Two existing issue within the current superannuation framework have been addressed by the amendment to the downsizer contribution rules.

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Regulation

Review history must be used

advice review history

An accounting body has asked for the learnings from previous industry assessments to be used in the Quality of Advice Review process.

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Regulation

Super earmarked for economic policy role

superannuation policy labor

Superannuation will definitely play a more specific and significant role in the economic policy of the Labor Party should it win the federal election.

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Compliance, Regulation

Director ID must occur before appointment

director ID SMSF

Directors of a corporate SMSF must obtain their director identification number prior to being appointed, according to new rules introduced on Monday.

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Regulation, Superannuation

Super details open for separated couples

superannuation separated couples

Information about superannuation assets held by a former partner will now be more accessible during family law proceedings following a law change taking effect from 1 April.

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Regulation

Call for minimum pension relief extension

pension relief AIR

A call has been made for the government to extend the lower minimum pension financial relief measure to include the 2023 financial year.

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Regulation, Superannuation

Calls for more super reform

superannuation reform

More reform of the superannuation system has been recommended in federal budget submissions by a variety of industry stakeholders.

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Cryptocurrency, Regulation

Hume flags crypto trading controls

cryptocurrency licensing custody

The federal government has flagged the creation of licensing and custody arrangements for cryptocurrency trading exchanges as part of a new policy paper.

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Compliance, Regulation

Director ID request a one-off

director ID

An application for a director identification number will only be required once regardless of when it is used or activated.

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