News

Compliance, Regulation, Retirement, Superannuation

Retirement work hours are strict

Definition of retirement Work SMSF Condition of release

The maximum number of hours associated with retirement status is a strict measure applied per week and not over a longer period of time.

read more
Compliance, Regulation, SMSF

Stamp duty waiver needs legal counsel

Stamp duty exemption concessiobn SMSF Property transfer Division 296 tax

SMSF practitioners could face potential legal action if they incorrectly advise clients on stamp duty exemptions when transferring assets from a fund.

read more
SMSF

Zero balance at closure unnecessary

SMSF zero balance wind-up Heffron Lyn Formica

SMSF practitioners who insist a fund should have a zero balance at wind-up may be creating unnecessary tax issues at the last stage of it closure.

read more
ETFs, Investments

Lazard launches first Australian ETF

ETF

Lazard Wealth Management has introduced its first Australian market ETF based on its established Global Listed Infrastructure Fund.

read more
financial advice, Regulation

Call to change GST rebates for advice

GST SMSF Association Advice fees Rebate

A legal revision is being sought to allow super funds and platforms to continue the practice of claiming a rebate for GST charged on advice fees.

read more
Administration, ATO, SMSF

Avoid copycat SMSF names

ATO SMSF Name Super Fund Lookup ABN Establishment

The ATO has advised the name given to an SMSF should be sufficiently different from that of any other super fund to avoid delays in its establishment and operation.

read more
Superannuation

Super consultations not fit for purpose

DBA Lawyers Dan Butler superannuation consultation Division 296 tax

The consultation process for new superannuation legislation has become less thorough and inclusive, leading to the creation of poorly designed bills.

read more
SMSF, Superannuation

First CSLR payments made

Compensation Scheme of Last Resort CSLR First payments David Berry SMSF self-managed super fund

The Compensation Scheme of Last Resort has paid out $360,000 in its first batch of payments, with one of the first cases settled relating to inappropriate SMSF advice.

read more
ETFs, Investments

BlackRock releases emerging markets ETF

Blackrock Emerging markets ETF iShares MSCI Emerging Markets ex China ETF

Investors will soon have the ability to access emerging markets without the risk of over-allocating to Chinese equities, with a new ETF offering that opportunity set to debut by the end of the month.

read more
ATO, Compliance, Crypto Assets, SMSF

ATO monitoring crypto tax reporting

ATO SMSF Annual return Cryptocurrency

The ATO is conducting a data-matching project to ensure SMSFs and investors accurately report cryptocurrency sales in their annual returns.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital