News

Health card, deeming rate changes introduced

October 25, 2022

The income threshold for the Commonwealth Seniors Health Card will increase, while deeming rates will be frozen as part of measures contained in the budget.

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Technology

Software creating compliance angst

October 25, 2022

Darin Tyson-Chan

An unquestioning reliance on superannuation software can lead to compliance issues with regard to SMSF investment strategies.

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SuperStream

SuperStream shifts rollover responsibility

October 25, 2022

Jason Spits

SuperStream has shifted most of the compliance work for a rollover to the transferring fund, creating the issues it is currently experiencing.

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NALI/NALE

Budget must not be silent on NALI

October 25, 2022

Swagatalakshmi Roychowdhury

The federal budget must address superannuation reforms, including NALI, and simplify the system to reduce complexity and cost.

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Superannuation

Super changes must be ruled out

October 24, 2022

Darin Tyson-Chan

The federal opposition has called on the Labor government to resist making any changes to the superannuation system it is being encouraged to undertake.

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Documentation

Two-share corporate trustee set-up flawed

October 24, 2022

Darin Tyson-Chan

Trustees and advisers should consider issuing more than two shares in an SMSF corporate trustee to allow the fund to operate more efficiently.

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Crypto Assets, Cryptocurrency

ATO urges advice on crypto investments

October 24, 2022

Swagatalakshmi Roychowdhury

The ATO has recommended SMSF trustees seek professional advice from licensed financial advisers when considering crypto-asset investments.

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ASIC

ASIC halts income fund offering

October 24, 2022

Swagatalakshmi Roychowdhury

ASIC has placed an interim stop order on the distribution of a property fund aimed at retail investors because of deficiencies found in its target market determinations.

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Retirement