News

financial advice, Financial Planning, Regulation

Fragmented framework needs reform

The regulatory framework for advice needs reform so consumers do not have to use multiple practitioners to meet their needs.

The regulatory framework for advice needs reform so consumers do not have to use multiple practitioners to meet their needs.

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Division 296, Legislation, Regulation, Tax

Uncertainty over super tax continues

Speculation over the Division 296 tax measure is continuing as to its progression and whether the government will keep pursuing it.

Speculation over the Division 296 tax measure is continuing as to its progression and whether the government will keep pursuing it.

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Compliance, Strategy, Trusts

Examine deeds for compensation payments

SMSF deeds factoring in provisions for receiving compensation payments should ensure they cover events even after a fund has ceased operating.

SMSF deeds factoring in provisions for receiving compensation payments should ensure they cover events even after a fund has ceased operating.

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Retirement, Superannuation

Individual outcomes key for retirement

The FSC has welcomed the government's consultation papers on retirement, but says any performance metric needs to focus on individuals.

The FSC has welcomed the government’s consultation papers on retirement, but says any performance metric needs to focus on individuals.

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Division 296, SMSF, Superannuation, Tax

Division 296 tax called out as un-Australian

The proposed Division 296 tax has been labelled as running counter to the accepted ethos of traditional Australian society.

The proposed Division 296 tax has been labelled as running counter to the accepted ethos of traditional Australian society.

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Accounting, Compliance, financial advice, Financial Planning, SMSF

Avoid direction in unlicensed advice

Unlicensed SMSF practitioners must not influence clients to act, but can provide operational information around the creation and running of a fund.

Unlicensed SMSF practitioners must not influence clients to act, but can provide operational information around the creation and running of a fund.

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Aged Care, Estate Planning, financial advice, Financial Planning

Make aged care part of retirement planning

Aged care should not be seen as a separate area of advice, but included in any retirement discussions in the same manner as estate planning.

Aged care should not be seen as a separate area of advice, but included in any retirement discussions in the same manner as estate planning.

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Education, financial advice, Financial Planning

FAAA expands specialisation program

The FAAA has issued a call out to education providers to participate in broadening specialist areas relevant to financial planning.

The FAAA has issued a call out to education providers to participate in broadening specialist areas relevant to financial planning.

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Division 296, SMSF, Superannuation, Tax

Sitting days may hamper Div 296 progress

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

A limited number of parliamentary sitting days may delay the start of the proposed Division 296 tax, opening the door to changes.

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