News : Regulation

Regulation

Government urged to enact NALI changes

tax institute superannuation

The Tax Institute has pointed out to the government key superannuation areas needing attention, including amendments promised prior to the federal election.

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Financial Planning, Regulation

Advice delivers trustee opportunities

specialist financial advice SMSF

Specialist financial advice is providing trustees with better regulatory knowledge that can lead to a material benefit for their SMSF.

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Regulation

DDO regime should include carve-out

SMSFs DDO

SMSFs should be exempt from design and distribution obligations as they are not products, but personalised structures used by members to access products.

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Financial Planning, Regulation

Specialist SMSF advice training a must

SMSF specialist advice training

SMSF advice should only be given by those with specialist training and this should be a mandatory requirement under any further advice reforms.

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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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