News

LRBA

LRBAs receive official approval

December 13, 2022

A new report shows LRBAs pose little risk to SMSFs, but sound regulation and specialist advice are crucial to their successful use.

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SuperStream

SuperStream issues still significant

December 12, 2022

Darin Tyson-Chan

SMSF trustees are still experiencing difficulties with processing member balance rollovers via the SuperStream system on multiple levels.

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ASIC

Balance change a breakthrough for SMSFs

December 12, 2022

Jason Spits

The removal of references to a specific starting balance for an SMSF in ASIC guidance is a key shift for the sector, the SMSF Association has claimed.

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ATO, Compliance

Trustee disqualifications hit peak

December 12, 2022

Jason Spits

More than 250 SMSF trustees have been disqualified in a single quarter, with that number exceeding the total for the financial year.

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Education, financial advice

Exam pass rate improves

December 12, 2022

Jason Spits

The number of advisers passing the ASIC exam, which no longer includes existing advisers, has increased to its highest point in a year.

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ETFs

Two new ETFs from JP Morgan

December 12, 2022

Darin Tyson-Chan

Two new actively managed ETFs covering environmental themes have been introduced to the market by JP Morgan Asset Management.

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ASIC, Superannuation

Former super fund executives face court

December 12, 2022

Darin Tyson-Chan

Two former superannuation executives have appeared before the Adelaide Magistrates Court over allegedly contravening the Corporations Act.

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ASIC, Superannuation

ASIC guidance drops balance figures

December 8, 2022

Jason Spits

New ASIC guidance for the provision of SMSF advice has dropped references to specific minimum balances, noting it was not the driving factor of suitability.

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Insurance, Pensions