News : Regulation

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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Legislation, Regulation, Superannuation

IFPA applauds CSLR decision on SMSFs

IFPA is pleased SMSFs will be excluded from the 2025/26 CSLR special levy, but is concerned this approach will not be applied in subsequent years.

IFPA is pleased SMSFs will be excluded from the 2025/26 CSLR special levy, but is concerned this approach will not be applied in subsequent years.

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Compliance, Legislation, Regulation, Strategy

EPOA best set up before travel

SMSF trustees opting to use an EPOA to satisfy the central management and control test when overseas should do so prior to leaving Australia.

SMSF trustees opting to use an EPOA to satisfy the central management and control test when overseas should do so prior to leaving Australia.

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Compliance, financial advice, Financial Planning, Legislation, Regulation, Superannuation

CSLR levy threat to adviser numbers

The FAAA is worried the growing special levy impost on financial advisers could see more practitioners exit an already shrinking sector.

The FAAA is worried the growing special levy impost on financial advisers could see more practitioners exit an already shrinking sector.

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