News

Vanguard cops greenwashing infringement

December 5, 2022

Vanguard Investments Australia has been issued with three infringement notices by the corporate watchdog for alleged greenwashing.

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ATO, Pensions

ATO discretion worth pursuing

December 1, 2022

Darin Tyson-Chan

Applications for ATO discretion should always be made where a minimum pension payment has not been met and self-rectification cannot be used.

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ATO, SuperStream

ESA non-disclosure breaches obligations

December 1, 2022

Jason Spits

SMSF practitioners must disclose the electronic service address of a fund when dealing with the ATO as not doing so will create a breach for their trustee clients.

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Business News

Tax and Super Australia undergoes rebrand

December 1, 2022

Darin Tyson-Chan

Tax and Super Australia has rebranded and will now operate as the Institute of Financial Professionals Australia to better reflect its membership.

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ASIC, financial advice

Online-only adviser exam dates released

December 1, 2022

Jason Spits

ASIC has released the dates on which it will conduct adviser exams in 2023, noting they will only be offered remotely.

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Investments

OpenInvest strikes new WA partnership

December 1, 2022

Darin Tyson-Chan

OpenInvest has expanded its network through a partnership with Perth-based Knight Group, giving consumers access to six investment portfolios.

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Insurance

Evidence central to incapacity claim

November 30, 2022

Jason Spits

Trustees should seek strong medical evidence a member is incapacitated before allowing them to access benefits.

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Documentation

COVID stresses record-keeping importance

November 30, 2022

Darin Tyson-Chan

Accurate record-keeping is paramount when looking to avoid compliance breaches when withdrawing benefits early from an SMSF in exceptional circumstances.

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Documentation