News

Investments, Markets

LICAT transforms into Listed

The Listed Investment Companies and Trusts Association has rebranded and will now be known as Listed.

The Listed Investment Companies and Trusts Association has rebranded and will now be known as Listed.

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ASIC

Breach reporting relief feedback closing

Australian Securities and Investments Commission, ASIC, SMSF Association,

Advice licensees have limited time to respond to an ASIC proposal that will remove the need to report low-level breaches of misleading conduct provisions.

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Business News, financial advice, Investments, Technology

New investment facility added to OpenInvest

OpenInvest has partnered with an accounting and advisory firm to give its clients access to an online investment solution.

OpenInvest has partnered with an accounting and advisory firm to give its clients access to an online investment solution.

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Contributions, Tax

Claiming deductible contributions correctly

Strict rules apply to making personal deductible contributions and adherence to them is crucial as the ATO has no related discretionary powers.

Strict rules apply to making personal deductible contributions and adherence to them is crucial as the ATO has no related discretionary powers.

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Financial Planning, Legislation, SMSF, Superannuation

Coercive control an issue for SMSFs

Coercive control, domestic violence, SMSF, SMSFA, Tracey Scotchbrook, Parliamentary Joint Committee, ATO, SMSF Association National Conference 2025,

SMSFs have been identified as a financial structure that perpetrators of domestic violence and coercive control can use to their advantage.

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LRBA

Refinanced LRBA usage limited

LRBA, SIS Act, Heffron, Leigh Mansell, 

SMSFs using a refinanced LRBA for costs unrelated to the loan will breach the very narrow borrowing provisions that apply to these arrangements.

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Accounting, financial advice, Financial Planning, SMSF

AML changes capture accountants

SMSF advice, Anti-Money Laundering/Counter Terrorism Funding , AML/CTF, accountants, SMSF Association, Keddie Waller, designated services, SMSF set-up, registered post office, AUSTRAC

Changes to anti-money laundering laws will capture SMSF advice provided by accountants, who have been left with limited time to comply with the new measures.

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financial advice, Financial Planning

FAAA calls for fixing of CSLR flaws

FAAA, CSLR, post-implementation review, Financial Advice Association of Australia, Compensation Scheme of Last Resort, personal advice, general advice, wholesale client advice, special levy, sector cap, $10 million

The FAAA has made several key recommendations to improve the CSLR in its submission regarding the post-implementation review of the measure.

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ATO, Compliance, Documentation

Annual returns key to sector integrity

ATO, Rosenzweig, SMSF Annual Returns, SMSF Association National Conference 2025,

The ATO has shed light on the critical role the lodgement of SMSF annual returns plays in its monitoring of sector integrity.

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Contributions, Tax

Cap breach can improve tax components

SMSF members can enjoy an unexpected benefit with regard to the taxable component of their benefits subsequent to making a contribution in error.

SMSF members can enjoy an unexpected benefit with regard to the taxable component of their benefits subsequent to making a contribution in error.

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