News : Superannuation

Regulation, Superannuation

RC report targets super selling, default funds

The unsolicited selling of super funds will be banned and superannuants will be defaulted a single time as a result of the recommendations from the banking royal commission.

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Superannuation

SMSF Party achieves registration mark

Grant Abbott headshot

Grant Abbott’s SMSF Party has gained enough members for it to register as a political party.

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Superannuation

Emergence of SMSF Party raises questions

The formation of an SMSF-centric party has raised concerns about moving super into politics.

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Administration, Superannuation

SMSF Association highlights value of Class data

The SMSF Association has claimed cost comparison data produced by Class is an important corrective to numbers presented in the Productivity Commission’s final report.

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ASIC, Superannuation

SMSF product design obligations hard to police

Adding product design and distribution obligations to the creation of SMSFs would be hard to monitor, according to an actuarial firm.

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Superannuation

PC report doesn’t match evidence presented

Rice Warner has criticised the Productivity Commission’s final report into superannuation, claiming the organisation moved away from the evidence presented to it.

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ATO, Superannuation

Potential confusion flagged with division 293 notices

The way information is presented on the redesigned ATO division 293 assessment notices has the potential to cause confusion for SMSFs employing a contributions reserve

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ATO, Superannuation

ATO aids contributions cap compliance

The regulator will assist practitioners and their SMSF clients in complying with the new non-concessional contributions cap rules.

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ATO, Superannuation

Class finds holes in final PC report

Class has expressed concerns its research findings around SMSF returns are not fully reflected in the final Productivity Commission report.

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Regulation, Superannuation

ALP policy has potential economic consequences

The proposed changes to the franking credit rules could result in SMSF investors choosing debt for capital formation instead of equities, potentially threatening the Australian economy.

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