News

Super details open for separated couples

April 4, 2022

Information about superannuation assets held by a former partner will now be more accessible during family law proceedings following a law change taking effect from 1 April.

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ATO, Auditing

ACR lodgements on the rise

March 31, 2022

Darin Tyson-Chan

The ATO has received an increasing number of auditor contravention reports for both the 2021 and 2022 income years due to the misuse of SMSF assets.

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Auditing, Cryptocurrency

Crypto status can create audit risk

March 31, 2022

Jason Spits

The non-tangible nature of cryptocurrencies is creating risk areas for SMSF auditors concerned at the lack of physical assets and accurate records.

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Financial Planning

Emotional value in human advisers

March 31, 2022

Tia Thomas

Research from Vanguard Australia has found investors prefer the emotional support from human financial advisers compared to the service provided by their digital counterparts.

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Superannuation

SMSFs are a success story to be lauded

March 31, 2022

Per Amundsen

Research and statistics have consistently endorsed the health and integrity of the SMSF sector, rendering persistent criticism of it unfounded.

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Financial Planning, Superannuation

Financial confidence a concern

March 30, 2022

Darin Tyson-Chan

New ATO research has indicated a large proportion of SMSF trustees lack the financial confidence needed to run their own retirement savings vehicle.

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Documentation, Tax

Stick with expense apportioning methods

March 30, 2022

Jason Spits

SMSFs tempted to switch methods of how they apportion fund expenses may find the tactic raises the interest of the ATO.

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Appointments

FSC appoints new CEO

March 30, 2022

Darin Tyson-Chan

After concluding an executive search process, the Financial Services Council has appointed Blake Briggs as its new chief executive.

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ETFs

ETF answers sustainable call

March 30, 2022

Tia Thomas

Janus Henderson Investors has launched an ETF that prioritises natural resources and companies working towards a low-carbon target.

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Superannuation

Budget fixes disclosure oversight

March 30, 2022

Jason Spits

The budget has corrected an administrative oversight removing a requirement for SMSFs to report fund information only relevant for retail and industry superannuation funds.

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