News

Contributions, SMSFA, Superannuation

SMSFA backs payday super reforms

Payday super SMSF

New reforms requiring employers to pay super on payday will benefit younger Australians using SMSFs and improve compliance within the superannuation system.

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Insurance

Insurance ownership trapping trustees

SMSF asset insurance

SMSF trustees who have insured fund assets in their own name will be unlikely to be able to return insurance payments to their fund due to cap limits, an auditor has warned.

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LRBA

Rate rises fuel LRBA usage

LRBA interest rate

The increase in the use of LRBAs to buy property in an SMSF has been aided by the recent number of official interest rate rises.

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Platforms, SMSF, Superannuation

Super platform to launch adviser portal

Investment platform

Investment platform Superhero will launch a new portal allowing advisers to open superannuation and SMSF trading accounts for clients.

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financial advice, Platforms, Technology

Hub24 to acquire myprosperity

HUB24

Hub24 will acquire myprosperity in a deal that will expand its suite of brands and offerings for financial services practitioners.

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Administration, Auditing, Investments, SMSF, Strategy

Brief investment strategy optimal

SMSF investment strategy

Overly detailed SMSF investment strategies written over multiple pages will not improve their chances of being compliant with the law.

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Superannuation, Tax

Allow members to reduce balance below $3m

superannuation balance reduce

The government should allow working super fund members with balances above $3 million to make tax-free withdrawals as part of its new super tax proposal.

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financial advice, Regulation

QAR recommendations need proper treatment

QAR recommendations

The objectives of the Quality of Advice Review may not be met if the government only acts upon the recommendations that are easy to implement.

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Superannuation

Govt to introduce payday super

Payday superannuation

The federal government will introduce a new measure that will require employers to pay superannuation contributions on payday from July 2026.

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Regulation, Superannuation, Tax

Ring-fence unrealised gains tax

Unrealised gains tax

The taxation of unrealised gains in superannuation should be ring-fenced to the proposed $3 million balance tax if the government presses ahead with its plans.

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