News : Regulation

Regulation, Superannuation, Tax

Super funds already differentiated

$3 million soft cap calculation

The reasoning behind the calculation of the proposed tax on the $3 million soft cap is at odds with other aspects of the superannuation system.

read more
Compliance, Legislation, Regulation, Superannuation

Super objective scope unclear

Superannuation objective

Draft legislation to enshrine the objective of superannuation into law does not include any guidance as to whether auxiliary measures would need to align with it.

read more
Compliance, Legislation, Regulation, SMSF, SMSFA

SMSFA calls for residency reform completion

SMSF residency rules

The SMSF Association has urged the government to fulfil its promise to complete reforms to the SMSF residency rules first put forward by its predecessors two years ago.

read more
ATO, Regulation, SMSF

Voluntary disclosure needs tenacity

ATO SMSF voluntary disclosure scheme

Patience and persistence are required when looking to use the ATO’s early engagement and voluntary disclosure scheme to secure a satisfactory outcome.

read more
Compliance, Regulation, SMSFA

SMSF residency rules neglected

SMSF residency rules

The government has missed an opportunity to clarify future changes to SMSF residency rules as part of a current consultation process.

read more
Regulation, SMSFA, Superannuation

Objective needs clarification

Objective of superannuation

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

read more
Regulation, Residential Property, Superannuation

Parliament approves FHSSS changes

First home super saver scheme

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

read more
Regulation, SMSFA, Tax

SMSFA broadens soft cap talks

$3 million soft cap SMSFA

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.

read more
financial advice, Regulation

Experience pathway passes through parliament

Financial adviser experience pathway

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

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital