News

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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Superannuation

New trustees prove sector is healthy

August 30, 2022

Darin Tyson-Chan

Individuals who are looking to become SMSF trustees are on average getting younger, which is a sign the sector is in a healthy state.

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Property

Business real property use must be fixed

August 30, 2022

Jason Spits

SMSFs looking to hold business real property cannot fiddle with its use and must ensure its status was and will remain fixed.

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Financial Planning

Industry welcomes QAR proposals

August 30, 2022

Jason Spits

Proposals from the Quality of Advice Review to shift advice away from compliance to consumers have been welcomed by a broad swathe of the advice sector.

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Pensions