News

Division 296, SMSF, Superannuation, Tax

Div 296 progress unconscionable

Government plans to push on with introducing the Division 296 impost completely disregard the input of key stakeholders and override the rules of equity in tax law.

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ATO, Pensions

ATO releases legacy pension guidance

New guidance from the ATO on commuting legacy pensions has been welcomed, but the SMSF Association says more detail is required.

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Investments, Technology

Investment platform to enter SMSF sector

A multidimensional facility for SMSFs is set to be launched to provide both investment and administrative services to the sector.

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Education, financial advice, Financial Planning

Technical skills more important than ever

The SMSF Association is focusing its Technical Summit on helping practitioners deal with difficult real-world scenarios.

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Pensions

Reserve allocations may need actuaries

The allocation of a reserve associated with a legacy pension may require actuarial services if more than one of these income streams exist.

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Accounting, Division 296, SMSF, Superannuation, Tax

Poll finds mixed support for Div 296

A poll has found around half of Australians are in favour of the Division 296 tax, with many giving it strong support.

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Appointments, Business News, Crypto Assets

New SMSF digital asset body formed

A cohort of industry experts has formed a new body to drive the uptake and use of digital assets within the SMSF sector.

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Business News

Bright honoured with scholarship

An organisation for superannuation fund executives has launched a scholarship to recognise the legacy of the late Greg Bright.

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Documentation, Pensions

Deed key to stopping legacy pensions

Trustees need to pay particular attention to the details contained in the SMSF trust deed before commuting a legacy pension.

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Auditing, Compliance, Documentation

Check existence of old declarations

Auditors need to check whether trustees still hold their declarations and take compliance action if they cannot be found.

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