News

Compliance, financial advice, Financial Planning, Regulation

CSLR needs accountability element

Accountability for claims lodged using the Compensation Scheme of Last Resort is required for this consumer program to function properly.

Accountability for claims lodged using the Compensation Scheme of Last Resort is required for this consumer program to function properly.

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ETFs, Investments

VanEck to launch growth stock ETF

Aiming to fill a gap in the ETF sector, VanEck will release an international growth stock-focused exchange-traded fund.

Aiming to fill a gap in the ETF sector, VanEck will release an international growth stock-focused exchange-traded fund.

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Division 296, SMSF, Superannuation, Tax

Case law may ease Div 296 severity

Practitioners might be able to apply some case law in order to reduce a significant Division 296 tax liability a client might be facing.

Practitioners might be able to apply some case law in order to reduce a significant Division 296 tax liability a client might be facing.

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Division 296, SMSF, Superannuation, Tax

Reserves treatment adds to tax deferral call

The treatment of reserve allocations under Division 296 needs to be clarified and fixed, adding weight to the call to defer the start of the new tax.

The treatment of reserve allocations under Division 296 needs to be clarified and fixed, adding weight to the call to defer the start of the new tax.

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ASIC, financial advice, Financial Planning

Former adviser cops four-year ban

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

A former financial adviser based on the Gold Coast has received a four-year ban from ASIC for failing to act in the best interest of his clients.

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financial advice, Financial Planning, Retirement

Advice builds confidence in retirement

New research has confirmed Australians who have received financial advice are much more confident about their retirement than those who have not.

New research has confirmed Australians who have received financial advice are much more confident about their retirement than those who have not.

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Compliance, Contributions, Strategy

Compensation payments impact caps

Contributions caps will play a key role in the deciding the handling of compensation payments made to an SMSF or its members.

Contributions caps will play a key role in the deciding the handling of compensation payments made to an SMSF or its members.

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Compliance, Regulation, Superannuation

One-for-one EPOA selection not needed

An individual appointed as an enduring power of attorney for an SMSF is not limited to act on behalf of only the fund’s trustees.

An individual appointed as an enduring power of attorney for an SMSF is not limited to act on behalf of only the fund’s trustees.

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Auditing, Compliance

Separation of assets must be provable

Auditors must seek evidence SMSFs are complying with separation of assets rules regardless of how the fund is holding them.

Auditors must seek evidence SMSFs are complying with separation of assets rules regardless of how the fund is holding them.

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ETFs, Investments

New high yield ETF from Betashares

ETF provider Betashares has launched an Australian equity high-yield ETF and revamped its global equity high-yield product making it cheaper.

ETF provider Betashares has launched an Australian equity high-yield ETF and revamped its global equity high-yield product making it cheaper.

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