News

Death benefits, Superannuation

Remove death benefit lump sum limits

Removing the limit on the number of death benefit lump sums that can be made from super is an easy change that could be made and would reduce breaches of payment regulations.

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financial advice, Financial Planning

More urgency needed for Dixon inquiry

The government has been urged to accelerate the Senate inquiry into the Dixon Advisory collapse and its interaction with the CSLR.

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Auditing, Technology

AI useful, but needs human touch

AI can be used productively by SMSF auditors, but they still need to oversee its output in the same way they would check the work of a human.

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Superannuation, Tax

Division 296 deliberately deceptive

Division 296 tax Financial Services Council Blake Briggs Superannuation Self-managed superannuation SMSF

A leading industry figure has accused the federal government of intentionally misleading the public as to who the Division 296 tax will ultimately impact.

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financial advice, Financial Planning

CSLR costs heavily criticised

Compensation Scheme of Last Resort CSLR Review SMSF SMSF Association Peter Burgess Financial Advice Association Australia Sarah Abood Financial Services Council Blake Briggs Dixon Advisory United Global Capital

The rapidly rising Compensation Scheme of Last Resort levy has been condemned as an extra burden on the advice sector that shows it is not operating as intended.

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financial advice, Financial Planning

Compo scheme to be reviewed

Treasury Compensation Scheme of Last Resort CSLR, Stephen Jones Assistant Treasurer Minister for Financial Services Dixon Advisory United Global Capital

The government will review the operations of the Compensation Scheme of Last Resort following a significant blow-out in its costs to the advice sector.

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Administration, Business News

Act2 acquires Haintz Actuarial

Act2 Haintz Actuarial Alan Haintz Andy O’Meagher SMSF actuarial certificate Self-managed superannuation SMSF

The SMSF service provision space has experienced some rationalisation with the sale of Haintz Actuarial to Act2 Solutions.

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Auditing, Business News

Baumgartner Super rebrands as Assurify

Baumgartner Super Assurify David Baumgartner David Burrows Sajee Madarasinghe Self-managed superannuation SMSF SMSF audit

Baumgartner Super has undergone a rebrand and will now trade as Assurify, with several new developments to follow in coming months.

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financial advice, Financial Planning

CSLR levy to more than triple for advisers

Compensation Scheme of Last Resort CLSR ASIC financial advice David Berry

The estimated Compensation Scheme of Last Resort levy for advisers is set to exceed $70 million, with practitioners likely to be hit twice to fund its operations.

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