News : Regulation

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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Compliance, Pensions, Regulation

Multiple pensions can save payment error

SMSF members can use multiple pensions to avoid breaching payment rules, but must have clear documentation to support this strategy.

SMSF members can use multiple pensions to avoid breaching payment rules, but must have clear documentation to support this strategy.

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Auditing, Education, Regulation, SMSF

New practitioner guidance on offer

SMSF practitioners will be able to access practical and timely guidance on key issues as part of a new offer from a consultancy firm.

SMSF practitioners will be able to access practical and timely guidance on key issues as part of a new offer from a consultancy firm.

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Compliance, Regulation

ACTU calls out regulators

The ACTU has stated financial services regulators should have done a better job in the wake of two significant product collapses.

The ACTU has stated financial services regulators should have done a better job in the wake of two significant product collapses.

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Financial Advice, Financial Planning, Regulation

CPA Australia slams CSLR levy hike

CPA Australia has communicated its concerns over the notable increase in the 2026/27 CSLR levy and what it means for the financial advice sector.

CPA Australia has communicated its concerns over the notable increase in the 2026/27 CSLR levy and what it means for the financial advice sector.

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Compliance, Financial Advice, Financial Planning, Legislation, Management, Regulation

SMSF Association demands CSLR overhaul

The SMSF Association has said the Compensation Scheme of Last Resort needs an immediate overhaul as the current system is unsustainable.

The SMSF Association has recommended an immediate overhaul to the Compensation Scheme of Last Resort as the current system is unsustainable.

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ATO, Auditing, Compliance, Legislation, Regulation

Responses not indicative of ACR actions

All auditor contravention reports received by the ATO are examined and actioned but the regulator is limited as to the feedback it provides.

All auditor contravention reports received by the ATO are examined and actioned but the regulator is limited as to the feedback it provides.

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Compliance, Contributions, Downsizer, Legislation, Regulation, Strategy

Downsizer contributions need proceeds

In order to be able to make a downsizer contribution, SMSF members must actually receive some proceeds from the sale of their existing residence.

In order to be able to make a downsizer contribution, SMSF members must actually receive some proceeds from the sale of their existing residence.

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Compliance, Education, Legislation, Regulation, SMSFA

Education directions need fine-tuning

Proposed education directions for SMSF trustees need improvement to be more useful in directing and guiding behaviour.

Proposed education directions for SMSF trustees need improvement to be more useful in directing and guiding behaviour.

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