News

New SMSF loan offer released

September 5, 2022

A specialist residential property lender has released a new product offering loans of up to $1.5 million to corporate trustee SMSFs.

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Financial Planning

Self-licensing seen as better option

September 5, 2022

Jason Spits

Many advisers are still viewing being self-licensed as their preferred business model as the costs of compliance and providing advice increase.

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Education

Half pass last existing-adviser exam

September 5, 2022

Jason Spits

Only around half of the candidates sitting the last adviser exam have passed, but ASIC has indicated unsuccessful examinees may take a shorter path back into practice.

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Contributions, Superannuation

Inflation may drive TBC to $1.9m

September 1, 2022

Jason Spits

The transfer balance cap may increase rapidly to $1.9 million, driven by the current high levels of inflation, opening up contribution opportunities.

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SuperStream

SuperStream faster if started by APRA fund

September 1, 2022

Jason Spits

The quickest way to roll over funds from an APRA-regulated fund using SuperStream is to ask that fund to start the process, putting the onus on it to request relevant information.

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Financial Planning

FPA, AFA put merger on the table

September 1, 2022

Jason Spits

The FPA and AFA have proposed a merger and will soon outline further details to their respective members.

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Death benefits

SMSF will validity in question

September 1, 2022

Darin Tyson-Chan

The Hill v Zuda case has raised questions about the value of SMSF wills while confirming BDBNs do not expire after three years in an SMSF.

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Compliance

TBAR enforcement now possible

August 31, 2022

Darin Tyson-Chan

The implementation of one timeframe for lodging a transfer balance account report could lead to ATO compliance activity not yet witnessed.

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Documentation

AAT case proves value of good records

August 31, 2022

Jason Spits

The value of good record-keeping by SMSF advisers and trustees has been proven by a recent Administrative Appeals Tribunal appeal.

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Superannuation

Super nest eggs retained for ageing, health

August 31, 2022

Jason Spits

Compulsory superannuation has been recognised as the key driver to build retirement savings, but most retirees plan to keep it for future health needs.

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