News

Business News, Markets, SMSF

Bluestone upgrades SMSF loan offer

October 26, 2023

Jason Spits

Non-bank lender Bluestone has made changes to the liquidity requirements related to loans available to SMSF lenders.

read more

Administration, Compliance, Pensions, SMSF

Partial commutations now trickier

TBAR Transfer balance account reports Quarterly reporting Pension payments Partial commutation

October 25, 2023

Darin Tyson-Chan

The move to compulsory TBAR lodgement will make managing pension payments involving partial commutations more challenging.

read more

Legislation, Superannuation, Tax

ASFA critical of missing $3m tax details

TSB Superannuation earnings tax ASFA total super balance

October 25, 2023

Jason Spits

ASFA has called the proposed super earnings tax an unorthodox way to address high balances noting it is hard to assess without its operational regulations.

read more

ETFs, Investments, Management

Betashares launches ETF investment solution

ETF Betashares Direct Investment platform

October 25, 2023

Todd Wills

Betashares has rolled out a new investment platform allowing users to trade any ETFs currently listed on the ASX without incurring brokerage fees.

read more

Legislation, SMSF, Superannuation, Tax

New super tax attracts more criticism

Total super balance Superannuation tax Superannuation earnings tax

October 24, 2023

Darin Tyson-Chan

More criticism has been levelled at the proposed $3 million soft cap on the basis it is inequitable and lacks transparency.

read more

Auditing, Compliance

Question trustee sole purpose compliance

SMSF auditor trustee representation sole purpose test compliance

October 24, 2023

Jason Spits

SMSF auditors can look past trustee representation letters to ensure a fund meets the sole purpose test with benefits and expenses a useful indicator of compliance.

Super reform can unlock billions for charity

Superannuation death benefits Philanthropy Australia Tax reform Charities Charity

October 24, 2023

Todd Wills

Eliminating taxes on superannuation death benefit bequests to charities could generate billions of dollars in additional income for Australia’s charitable organisations.

read more

Appointments, Auditing

Colley named as auditor ambassador

Graeme Colley SMSF Auditors Institute ambassador

October 23, 2023

Jason Spits

Former SuperConcepts staffer Graeme Colley will take on a new role promoting the work of auditors in the superannuation sector.

read more

Legislation, Superannuation, Tax

Simpler soft cap tax possible

Soft cap superannuation earnings tax calculation method

October 23, 2023

Todd Wills

A peak accounting body has proposed a more straightforward approach to the current calculation method outlined in the draft legislation for the superannuation earnings tax.

read more

Administration, Property, SMSF

Non-bank lender to offer SMSF loans

October 23, 2023

Jason Spits

A non-bank lender has expanded its operations to include SMSF loans available to funds with corporate trustees and relatively low minimum asset balances.

read more