News : Regulation

Levy to address SMSFA tech summit

July 4, 2023

The author of the Quality of Advice Review report Michelle Levy will unpack the government’s response to it at this year’s SMSF Association Technical Summit.

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Regulation, SMSF, Tax

Changes to super will not end

June 20, 2023

Jason Spits

The size of assets held within superannuation means governments are likely to make ongoing changes such as the proposed $3 million tax.

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financial advice, Regulation

QAR accountants exclusion highlighted again

June 15, 2023

Jason Spits

The Quality of Advice Review recommendations and the government’s acceptance of them have overlooked the role accountants have in providing financial advice.

Jones accepts majority of QAR proposals

June 13, 2023

Jason Spits

The government will accept many of the recommendations of the Quality of Advice Review, but has reserved its position on how some of them will be enacted.

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Compliance, Regulation, SMSFA, Tax

SMSFA supports franking credits review

June 6, 2023

Todd Wills

The SMSF Association has backed further review of proposed franking credit amendments, expressing concerns over potential impacts on legitimate business operations.

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Compliance, Regulation, Tax

ASA backs franking credits clarification

June 5, 2023

Todd Wills

The Australian Shareholders’ Association believes the proposal to limit franking credits from capital raisings is unnecessary and requires clearer guidance to avoid unintended consequences.

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financial advice, Regulation

Rule of thumb can clarify QAR framework

June 1, 2023

Darin Tyson-Chan

Under the framework recommended by the Quality of Advice Review there is a rule of thumb practitioners can use to ensure they adhere to the law.

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Investments, Regulation, SMSF

Investor test needs review

May 31, 2023

Todd Wills

There is a lack of clarity surrounding the classification of SMSF trustees as wholesale or retail clients when they choose to seek financial advice, prompting calls for further evaluation.

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Regulation, Retirement, Superannuation

Retirement definition set to shift

May 30, 2023

Darin Tyson-Chan

The definition of retirement allowing people to access their superannuation benefits legally is set to significantly change in the coming income year.

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financial advice, Regulation, SMSF

SMSFs ‘misfits’ under Corporations Act

May 30, 2023

Todd Wills

A statutory body has highlighted the challenges in classifying SMSFs under the Corporations Act, leading to uncertainties about advice, licensing and client classification.

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