News

financial advice, Financial Planning

CSLR levy should be evenly shared

The Financial Advice Association Australia has reiterated its call for the CSLR levy to be spread evenly across all retail facing sub-sectors.

The Financial Advice Association Australia has reiterated its call for the CSLR levy to be spread evenly across all retail facing sub-sectors.

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ATO, Compliance

No relief for prohibited loans

The ATO has no discretionary power to provide any compliance relief to SMSF trustees who have provided a prohibited loan.

The ATO has no discretionary power to provide any compliance relief to SMSF trustees who have provided a prohibited loan.

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Contributions, Tax

Deceased member deductions must be valid

The ATO recognises the ability of executors to claim tax deductions for deceased superannuants, but still requires that claim to be valid under super law.

The ATO recognises the ability of executors to claim tax deductions for deceased superannuants, but still requires that claim to be valid under super law.

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Superannuation

Super wealth triples in two decades

Research by the SMC has found new retirees are three times better off than they were two decades ago.

Research by the SMC has found new retirees are three times better off than they were two decades ago.

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Division 296, Estate Planning, Superannuation, Tax

Div 296 puts squeeze on executors

Division 296 will shift a compliance burden to those who deal with the super of deceased members, making the task more onerous.

Division 296 will shift a compliance burden to those who deal with the super of deceased members, making the task more onerous.

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SMSFA

Sir Anthony Mason’s role recognised

Sir Anthony Mason’s broad contribution to the SMSF and legal sectors has been acknowledged by industry bodies upon his passing.

Sir Anthony Mason’s broad contribution to the SMSF and legal sectors has been acknowledged by industry bodies upon his passing.

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financial advice, Financial Planning

Advisers should be on jobs shortage list

The FAAA has made a request for financial advisers and paraplanners to be included on the official list of professions with shortages.

The FAAA has made a request for financial advisers and paraplanners to be included on the official list of professions with shortages.

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ASIC, Compliance, Investments

Macquarie arm failed to monitor Shield

A subsidiary of Macquarie Group contravened the Corporations Act in failing to properly monitor the Shield Master Fund offered to investors.

A subsidiary of Macquarie Group contravened the Corporations Act in failing to properly monitor the Shield Master Fund offered to investors.

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Division 296, SMSF, Superannuation, Tax

Div 296 pushes certificates to fore

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

Actuarial certificates will play a key role in determining how much SMSF members will pay under the Division 296 tax.

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