News

financial advice, Financial Planning, Regulation

DBFO has failed its objectives

The Financial Advice Association Australia has labelled the government’s response to the Quality of Advice Review to date as frustrating.

The Financial Advice Association Australia has labelled the government’s response to the Quality of Advice Review to date as frustrating.

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Division 296, Legislation, Regulation, Tax

Old claims can’t justify Div 296 start

Two-year-old arguments from the government are not sufficient justification to implement the proposed Division 296 tax or backdate its commencement.

Two-year-old arguments from the government are not sufficient justification to implement the proposed Division 296 tax or backdate its commencement.

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Compliance, financial advice, Financial Planning, Regulation

CSLR needs accountability element

Accountability for claims lodged using the Compensation Scheme of Last Resort is required for this consumer program to function properly.

Accountability for claims lodged using the Compensation Scheme of Last Resort is required for this consumer program to function properly.

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ETFs, Investments

VanEck to launch growth stock ETF

Aiming to fill a gap in the ETF sector, VanEck will release an international growth stock-focused exchange-traded fund.

Aiming to fill a gap in the ETF sector, VanEck will release an international growth stock-focused exchange-traded fund.

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Division 296, SMSF, Superannuation, Tax

Case law may ease Div 296 severity

Practitioners might be able to apply some case law in order to reduce a significant Division 296 tax liability a client might be facing.

Practitioners might be able to apply some case law in order to reduce a significant Division 296 tax liability a client might be facing.

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Division 296, SMSF, Superannuation, Tax

Reserves treatment adds to tax deferral call

The treatment of reserve allocations under Division 296 needs to be clarified and fixed, adding weight to the call to defer the start of the new tax.

The treatment of reserve allocations under Division 296 needs to be clarified and fixed, adding weight to the call to defer the start of the new tax.

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ASIC, financial advice, Financial Planning

Former adviser cops four-year ban

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

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financial advice, Financial Planning, Retirement

Advice builds confidence in retirement

New research has confirmed Australians who have received financial advice are much more confident about their retirement than those who have not.

New research has confirmed Australians who have received financial advice are much more confident about their retirement than those who have not.

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Compliance, Contributions, Strategy

Compensation payments impact caps

Contributions caps will play a key role in the deciding the handling of compensation payments made to an SMSF or its members.

Contributions caps will play a key role in the deciding the handling of compensation payments made to an SMSF or its members.

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