News

SMSFA

New CEO prioritises association members

SMSF Association chief executive

Supporting SMSF Association members will be the number one priority of the industry body’s incoming chief executive, Peter Burgess.

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financial advice

QAR not done to keep people happy

QAR affordable advice

The Quality of Advice Review was about delivering more affordable advice and improving the ease by which consumers can get access to it.

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Contributions

Work test excludes some workers

work test common-law employees

Changes to the work test currently prohibit politicians and company directors from making personal deductible contributions as the new rules do not consider them to be eligible employees.

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Insurance

Insurance cover can be zero if unemployed

temporary incapacity SMSF

A gap in employment can reduce an income protection payment to zero if the policy is held within an SMSF at time of claim, an insurance expert has warned.

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Superannuation

CEO leaves association in strong state

SMSF Association John Maroney

The SMSF Association is in a very healthy state and poised for a strong and prosperous future, according to outgoing chief executive John Maroney.

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Superannuation

SMSFA awards its first life membership

SMSF Association life membership

The SMSF Association has marked its 20th anniversary by awarding the body’s first life membership to former chief executive Andrea Slattery.

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ASIC

Property spruiker cops eight-year ban

Christine Childs banned

Former mortgage broker and property spruiker Christine Childs has been banned from providing financial services for eight years for operating without a licence.

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NALI/NALE

ATO will not extend NALE relief

ATO NALE relief

The ATO will extend compliance relief for breaches of the NALE provisions despite the government conducting a review of the arrangements.

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Retirement, Superannuation

Super objective shows government’s hand

Superannuation objective intentions

The government has revealed its true intentions toward the pool of retirement savings in its campaign to have the objective of super legislated.

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Superannuation

Using super for housing is lazy thinking

superannuation housing

Calls for super to be used for housing is a recycled debate stemming from the poor policy decisions and lazy thinking of previous governments

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