News

Increase in auditor engagement

July 11, 2022

More trustees appear to be wanting to meet their SMSF auditor face-to-face to establish a level of comfort over the servicing of their fund.

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ASIC

ASIC takes action against eight auditors

July 11, 2022

Jason Spits

ASIC has taken compliance action against a further eight SMSF auditors by deregistering five and imposing conditions on three between March and June this year.

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ATO

ATO releases SMSF wind-up guide

July 11, 2022

Jason Spits

The ATO has released a guide to assist SMSF trustees in winding up their funds and is encouraging them to plan ahead for this event.

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Appointments

Class appoints new chief executive

July 11, 2022

Tia Thomas

Hub24 has announced the appointment of a new chief executive for the Class SMSF administration business from the start of next month.

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ASIC, Education

One day left to register for last adviser exam

July 11, 2022

Jason Spits

Advisers yet to pass the mandatory exam have one day left to register for the last sitting that is currently available to them.

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Investments

SMSFs still lack diversification

July 7, 2022

Darin Tyson-Chan

SMSF trustees’ preference for investing in direct shares is continuing to present diversification issues in their fund portfolios.

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Investments, Strategy

Strategy fear result of compliance focus

July 7, 2022

Jason Spits

SMSF accountants are afraid to address investment strategies as the process has become too compliance driven rather than focusing on recording trustee plans.

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ATO, Compliance