News

Division 296, LRBA, SMSF, Superannuation, Tax

LRBA carve-out inconsistent

June 10, 2025

Plans to carve out LRBAs from the total super balance figures used to calculate Division 296 tax highlight the irregularities around their inclusion within TSBs.

read more

Division 296, SMSF, Superannuation, Tax

Half a million may be hurt by new impost

June 10, 2025

Penny Pryor

New analysis by the Financial Services Council has calculated the full impact of the proposed superannuation tax under four different scenarios.

read more

Division 296, SMSF, Tax

Div 296 consultation claims refuted

June 5, 2025

Jason Spits

Claims the government consulted widely but was not presented with an alternative Division 296 model have been rejected by an industry body.

read more

Division 296, Documentation, SMSF

Proposed tax necessitates SAR change

June 5, 2025

Darin Tyson-Chan

The reporting regime for SMSFs is having to be modified due to additional information that will be required for Division 296 tax calculations.

read more

ETFs, Investments

Schroders introduces new active ETF

June 5, 2025

Penny Pryor

Investors have been provided with a new avenue to access global equities through the release of a new actively managed ETF.

read more

ATO, Death benefits

Six-month death benefit guidance removed

June 5, 2025

Shelley Banton

The ATO has amended the rules regarding the acceptable timeframe in which trustees can implement when making death benefit payments.

read more

Division 296, SMSF, Tax

SMSF double whammy from new tax

June 4, 2025

Darin Tyson-Chan

SMSFs trustees face paying tax on both unrealised and realised capital gains as a result of the proposed Division 296 tax.

read more

Pensions, Regulation

Legacy pension debt waiver still pending

June 4, 2025

Jason Spits

While SMSF members have been able to commute legacy pensions since late last year, the regulations waiving Centrelink debts are still not operational.

read more

Division 296, SMSF, Tax