News : Regulation

Auditing, Compliance, Crypto Assets, Cryptocurrency, Digital assets, Legislation, Regulation

Crypto valuations rigorous for auditors

The procedures the ATO has stipulated auditors must follow with regard to the valuation of SMSF cryptocurrency assets are quite arduous.

The procedures the ATO has stipulated auditors must follow with regard to the valuation of SMSF cryptocurrency assets are quite arduous.

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ATO, Compliance, Regulation, SMSF

ATO issues education direction guidance

The ATO has stipulated the circumstances whereby issuing education directions is not appropriate for SMSF trustee duty breaches.

The ATO has stipulated the circumstances whereby issuing education directions is not appropriate for SMSF trustee duty breaches.

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ATO, Compliance, Regulation, Tax

A significant compliance overhaul

The updated AML/CTF regulations will significantly change compliance obligations for more professionals including those servicing SMSFs.

The updated AML/CTF regulations will significantly change compliance obligations for more professionals including those servicing SMSFs.

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Compliance, Division 296, Legislation, Regulation, Tax

System neutrality needed for Div 296

System neutrality is the one element the SMSF Association would like to see with regard to the implementation of the proposed Division 296 tax.

System neutrality is the one element the SMSF Association would like to see with regard to the implementation of the proposed Division 296 tax.

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Regulation, SMSF, Trusts

Investment via unit trust can be flawed

Compliance with superannuation law and regulations is not necessarily made easier for SMSFs through investing in assets via unit trust.

Compliance with superannuation law and regulations is not necessarily made easier for SMSFs through investing in assets via unit trust.

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Regulation, SMSFA, Trusts

Trustee coercion an issue for sector

More work is needed to address potential financial abuse relating to the process of appointing directors of SMSF corporate trustees.

More work is needed to address potential financial abuse relating to the process of appointing directors of SMSF corporate trustees.

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Contributions, Legislation, Regulation

Contributions caps set to rise in 2026

The recent movement in AWOTE figures indicates the superannuation contributions caps are set to increase from 1 July 2026.

The recent movement in AWOTE figures indicates the superannuation contributions caps are set to increase from 1 July 2026.

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Compliance, Legislation, Pensions, Regulation

Care needed with ceased legacy pensions

Commuted legacy pensions may still be assessed for age pension purposes and Centrelink has deployed staff to unpack how this may work.

Commuted legacy pensions may still be assessed for age pension purposes and Centrelink has deployed staff to unpack how this may work.

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Compliance, Investments, Legislation, Regulation

Netwealth acts on First Guardian losses

Netwealth has agreed to compensate individuals who lost money as a result of using its platform to invest in the First Guardian Master Fund.

Netwealth has agreed to compensate individuals who lost money as a result of using its platform to invest in the First Guardian Master Fund.

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ATO, Compliance, In-house assets, Legislation, Regulation

Ignoring in-house asset breaches unwise

Trustees dealing with a breach of the in-house asset rules should not believe inaction provides a satisfactory solution to the problem.

Trustees dealing with a breach of the in-house asset rules should not believe inaction provides a satisfactory solution to the problem.

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