News

Auditing, Technology

AI audit dangers highlighted

A regulator has noted auditors must not be over-reliant on artificial intelligence and to examine the validity of any content it produces.

A regulator has noted auditors must not be over-reliant on artificial intelligence and to examine the validity of any content it produces.

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Appointments, Auditing

Specialist launches SMSF consultancy

SMSF audit, technical and education specialist Shelley Banton has revealed details of her new firm and its aims to service the sector.

SMSF audit, technical and education specialist Shelley Banton has revealed details of her new firm and its aims to service the sector.

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ATO, NALI/NALE

New NALE guidance still has issues

Updates to NALI guidance from the ATO has been welcomed but more details are still required in regards to key matters.

Updates to NALI guidance from the ATO has been welcomed but more details are still required in regards to key matters.

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Death benefits

Death benefit pension payments faster

Death benefit pension payments faster

SMSF trustees are making choices around death benefit payments that ensures beneficiaries are receiving their funds in a more timely manner.

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Pensions

TR 2013/5 update means more admin

The update to TR 2013/5 made last year has imposed a significant administrative burden for an SMSF that breaches pension payment standards.

The update to TR 2013/5 made last year has imposed a significant administrative burden for an SMSF that breaches pension payment standards.

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ASIC, Investments, Superannuation

Macquarie to reimburse Shield investors

Macquarie Investment Management will return all funds invested into the Shield Master Fund via its superannuation platform as part of new court action.

Macquarie Investment Management will return all funds invested into the Shield Master Fund via its superannuation platform as part of new court action.

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Compliance, Division 296, Legislation, Tax

Potential Div 296 impact grows

The latest industry research has highlighted a growing number of SMSFs will be impacted by the proposed Division 296 tax.

The latest industry research has highlighted a growing number of SMSFs will be impacted by the proposed Division 296 tax.

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Compliance, Crypto Assets, Investments, Trusts

13.22c no easy way into crypto

The structure of a 13.22c unit trust may appear to make it useful for an SMSF to invest in crypto, but it is more likely to break super laws.

The structure of a 13.22c unit trust may appear to make it useful for an SMSF to invest in crypto, but it is more likely to break super laws.

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Administration, Legislation, Regulation

Trustee rule breaches have SIS relief

The Superannuation Industry (Supervision) Act provides some relief for SMSF trustees who have breached the rules by which they are bound.

The Superannuation Industry (Supervision) Act provides some relief for SMSF trustees who have breached the rules by which they are bound.

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Death benefits, Estate Planning, Succession Planning

Solid nominee should accelerate EPOA

SMSF trustees who are confident in those appointed under an enduring power of attorney should name them now rather than waiting.

SMSF trustees who are confident in those appointed under an enduring power of attorney should name them now rather than waiting.

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