Parliament has legislated the downsizing measure that will allow older Australians to contribute the proceeds of the sale of their family home to super, and the First Home Super Saver Scheme (FHSSS) where first-home buyers can save for a deposit inside their super fund.

There has been an influx of queries from SMSFs about the potential impact of the new Markets in Financial Instruments Directive (MiFID II) reporting regime as awareness remains low, according to APIR Systems.

The SMSF Association is currently in the process of examining what impact the new Financial Adviser Standards and Ethics Authority (FASEA) will have on its industry activities.

The Australian Securities and Investments Commission (ASIC) reported 1211 applications for limited Australian financial services licences (AFSL) were received between July 2016 and June 2017.

The Australian Securities and Investments Commission (ASIC) is likely to increase its scrutiny of the practice of setting up SMSFs in the coming year, according to an industry consultant.

The September quarter round-up from BT Advice Technical showed most adviser queries during the three-month period centred on the treatment of transition-to-retirement income streams (TRIS).

The Australian Securities and Investments Commission (ASIC) has published its cost recovery implementation statement (CRIS), outlining the regulator’s forecast for costs and activities for the 2017/18 financial year.

The Self-managed Independent Superannuation Funds Association (SISFA) is focusing on the real life practical application of the super changes, in line with the ATO’s interpretation, as a myriad of unique SMSF scenarios are emerging and causing confusion among advisers.