News

Property

New mortgage products for SMSFs

assetline mortgage SMSFs

Assetline Capital has launched a long-term mortgage product for SMSFs looking to make commercial and residential property investments.

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LRBA

LRBAs may need several bare trusts

LRBA bare trusts

The acquisition of properties with associated assets under an LRBA can create the need for SMSF trustees to create more than one bare trust.

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Auditing

Govt proposes auditor fee changes

SMSF auditor fees

The cost of being registered as an SMSF auditor will increase, but those looking to exit will be able to do so at a much lower cost.

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Auditing, Compliance, Tax

Tax agents terminated for false SMSF audits

tax agents smsf audits

The Tax Practitioners Board has terminated the registration of two tax agents for dishonest conduct in regard to the veracity of SMSF audits.

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Accounting

SuperConcepts updates software offering

SuperConcepts updates

SuperConcepts has released an update to its SuperMate Classic software platform improving functions across a number of key areas.

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ASIC

Mayfair founder sues ASIC for defamation

Mayfair ASIC defamation

The founder of Mayfair 101 has commenced defamation proceedings against ASIC, claiming a recent press release injured his reputation.

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financial advice

Concern over general advice deregulation

deregulation general advice

Apprehension has surfaced over the Quality of Advice Review proposal for the deregulation in the provision of general financial advice.

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Property

Household Capital, Genworth form partnership

Household Capital Genworth

The completion of its latest capital raising exercise has seen Household Capital add Genworth as a new strategic business partner.

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Superannuation

Top service providers awarded

SMSF Service Provider Awards 2022 - article image

The leading SMSF service providers have been named in the sector’s longest-running awards presented by selfmanagedsuper and research house CoreData.

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Cryptocurrency

NFTs limit audit actions

Practitioners auditing an SMSF with an investment in a non-fungible token (NFTs) will have few available avenues to deal with these assets.

Practitioners auditing an SMSF with an investment in a non-fungible token (NFTs) will have few available avenues to deal with these assets.

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