News : Regulation

Objective needs clarification

September 14, 2023

The proposed objective of superannuation requires a more precise definition due to the presence of vague terms in the statement.

Parliament approves FHSSS changes

September 12, 2023

Todd Wills

Parliament has approved a bill introducing multiple changes to the First Home Super Saver Scheme.

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Regulation, SMSFA, Tax

SMSFA broadens soft cap talks

September 6, 2023

Darin Tyson-Chan

The SMSF Association is engaging other industry bodies to help its campaign to have the government change the calculation method for the $3 million soft cap.

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financial advice, Regulation

Experience pathway passes through parliament

September 6, 2023

Jason Spits

The government has passed laws allowing experienced advisers to practice without further education and penalising executives who breach accountability obligations.

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Pensions, Regulation, SMSF

Legacy pension solution working

September 5, 2023

Darin Tyson-Chan

The current rules available to SMSF members allowing them to manage their legacy pension positions are having notable success.

State laws complicate incapacity rules

September 5, 2023

Todd Wills

When preparing for the incapacity of an SMSF trustee, practitioners must be aware of the legislative requirements of each state and territory where the fund may hold assets or interests.

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Regulation, Retirement, Superannuation

Govt releases super objective draft bill

September 4, 2023

Todd Wills

Treasury has released a draft exposure bill outlining the objective of the superannuation system, which will include a requirement for future policies to show how they align with the objective.