News

Inflation a big concern for retirees

April 26, 2023

For the first time in a decade, seniors across the country are as concerned about inflation as they are about fundamental issues such as health costs.

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Regulation, SMSF

Knowledge of SIS sections critical

April 24, 2023

Darin Tyson-Chan

Knowing the specific differences between parts of the SIS Act that may seem the same is critical to allow advisers to find optimal client solutions.

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NALI/NALE, Regulation, Tax

New NALE rules not needed

April 24, 2023

Darin Tyson-Chan

The IFPA has suggested the treatment of NALE within SMSFs and small APRA funds can be achieved by using existing rulings and legislation.

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Superannuation, Tax

FAAA wants soft cap fine-tuned

April 24, 2023

Todd Wills

The FAAA has called for changes to the threshold and calculation method of the newly proposed $3 million soft cap on superannuation.

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financial advice, Regulation

Pressing QAR recommendations identified

April 24, 2023

Darin Tyson-Chan

The Joint Associations Working Group has recognised the recommendations from the Quality of Advice Review cannot be implemented all at once.

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ATO, Regulation, Superannuation

Work test anomaly addressed

April 20, 2023

Darin Tyson-Chan

An anomaly that arose from the most recent amendment to the work test has been rectified after the release of a new legislative instrument by the ATO.

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Administration, ATO, BDBNs

BDBN myth dispelled

April 20, 2023

Darin Tyson-Chan

A binding death benefit nomination can completely replicate the terms of a reversionary pension, but in a more practical fashion.

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Administration, SMSF, Trusts

Financials insufficient for some valuations

April 20, 2023

Jason Spits

Audited financial statements do not provide sufficient information on which to base the valuation of unlisted securities or investments in a unit trust, but events during the financial year may provide the required data.

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Superannuation