News

Legislation, SMSF, Superannuation, Tax

Revenue will drive Div 296 progress

Division 296 tax, Prime Minister,  Anthong Albanese, Treasurer, Jim Chalmers, 

The revenue that will come from the Division 296 tax is too significant for the government to drop the proposed measure, which will be used to fund its election promises.

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Legislation, SMSF, Superannuation

Fixing CSLR priority number one

Parliament, CSLR,,

Amending the CSLR has been identified as the most important financial advice-related issue the Labor government must address when parliament restarts.

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Retirement

Alliance aims for new retirement offerings

An Australian investment solutions provider has teamed with a global investment firm and begun work on developing new retirement income products to deal with longevity risk.

An Australian investment solutions provider has teamed with a global investment firm and begun work on developing new retirement income products to deal with longevity risk.

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ETFs, Investments, Technology

Global X launches China tech ETF

Global X, ETF, Billy Leung,

Global X has released an ETF focused on the Chinese technology sector, which it believes has been underserved by fund managers to date.

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NALI/NALE, SMSF, Tax

Service discount sway a NALE issue

NALE, Accurium, superannuation, Natalie Scott, 

Certain situations exist where a service discount granted to an SMSF will initiate the NALE rules even if the reduced price is available for all staff.

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Superannuation, Tax

Div 296 start not tied to sitting days

The ability of the government to pass the Division 296 tax bill through parliament may have little effect on the date it actually starts, which may be as soon as the new financial year.

The ability of the government to pass the Division 296 tax bill through parliament may have little effect on the date it actually starts, which may be as soon as the new financial year.

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financial advice, Financial Planning, Retirement

Retirement advice too complex for super funds

Financial Advice Association Australia, FAAA, Delivering Better Financial Outcome, DBFO, Treasury, retirement,

Retirement planning guidance should not be provided by super funds as it is too complex to sit under a simple advice model and requires a qualified practitioner to deliver.

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Superannuation

Scam call warning over benefit balances

An accounting body has alerted practitioners and consumers to avoid engaging with unsolicited callers who are using market volatility to offer reviews of superannuation fees and investments.

An accounting body has alerted practitioners and consumers to avoid engaging with unsolicited callers who are using market volatility to offer reviews of superannuation fees and investments.

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Contributions, Downsizer, SMSF

Marriage length has no downsizer impact

The ability for a spouse to take advantage of the downsizer provisions is not dependent on how long the couple in question have been married.

The ability for a spouse to take advantage of the downsizer provisions is not dependent on how long the couple in question have been married.

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SMSF, Tax

Urgent Div 296 action not required

The possibility of the Division 296 tax being passed into law does not mean immediate action should be taken to sidestep it given its impact is more than a year away.

The possibility of the Division 296 tax being passed into law does not mean immediate action should be taken to sidestep it given its impact is more than a year away.

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