News

Legislation, Superannuation, Tax

Soft cap tax unjust

Soft cap tax

An industry body has criticised the draft legislation regarding the $3 million soft cap labelling it as being inequitable and problematic.

read more
ETFs, Investments

Smart beta ETFs gain favour

smart beta ETF Van Eck Arian Neiron

Smart beta exchange traded funds have made significant inroads into the market share of actively managed offerings over the past year.

read more
Legislation, SMSFA, Superannuation

Call for exclusive super objective law

Objective of superannuation

The SMSF Association has used its submission to Treasury on the objective of super to highlight three outcomes the process should achieve.

read more
Legislation, SMSFA, Superannuation, Tax

Unrealised gains outside super tax scope

Superannuation earnings tax

The SMSFA has once again rejected the inclusion of the taxation of unrealised capital gains in the government’s superannuation earnings tax, following the release of draft legislation yesterday.

read more
ATO, NALI/NALE

Ruling shows NALE application

NALE SMSF trustee capacity non-arm's length expenditure

The ATO has indicated financial services professionals who act on behalf of their own fund must do so in a trustee capacity only to avoid being hit with NALE taxes.

read more
Superannuation, Tax

$3m tax draft bills released

$3 million superannuation earnings tax TSB total superannuation balance

The superannuation sector has been given 16 days to respond to the $3 million earnings tax draft legislation released today with no substantial changes to previous announcements.

read more
Legislation, Regulation, Superannuation

Super objective remains rejected

Objective of superannuation IFPA Natasha Panagis

The objective of superannuation proposed in draft legislation tabled last month has not got Institute of Financial Professionals Australia backing.

read more
Auditing, Compliance, Platforms, SMSFA

Data vigilance crucial for auditors

Auditing platforms SMSF audits ASF Shelley Banton

SMSF auditors must exercise due diligence in evaluating both the software and data stored within automated auditing platforms to ensure compliance with their professional obligations.

read more
Administration, Appointments, SMSF

SMSF Alliance adds new head of growth

SMSF Alliance Sarah Pressler

SMSF administrator SMSF Alliance has appointed a former SuperConcepts key manager to a new role focused on expanding the business.

read more
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

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.