News

Documentation

E-signatures can prove liability

electronic signatures practitioners

The use of electronic signatures has the ability to create an audit trail that can increase the degree of professional risk practitioners face.

read more
Superannuation

Six members mainly topic of discussion

six-member SMSFs

Six-member SMSFs remain more of a topic of discussion than a superannuation vehicle for families.

read more
ASIC

Mayfair to appeal advertisement ruling

Mayfair appeal

Mayfair has filed a notice of appeal to overturn a court decision after claiming ASIC’s security report included errors.

read more
NALI/NALE

NALE detection hard for auditors

NALE SMSF auditor

Trustees and their advisers cannot automatically assume transactions involving NALE will be detected by an SMSF auditor.

read more
Accounting

Auditors to switch ATO inquiry services

ATO auditors inquiry

The ATO has closed an inquiry and reporting channel for SMSF auditors as it transitions to new, faster online services.

read more
Documentation

Lost trust deeds can erase fund outcomes

lost trust deeds

Losing a trust deed can cancel any intended outcomes for a trust and open trustees to claims they have not carried out their duties.

read more
Superannuation

EPOA not only overseas trustee fix

EPOA overseas trustee

Appointing an enduring power of attorney to satisfy legal obligations may not always be the best solution for SMSF trustees relocating overseas.

read more
LRBA

LRBA risks still not evident

LRBA lending

The move by major banks away from the LRBA lending space was a business decision unrelated to risk, which has rarely been an issue.

read more
ASIC

ASIC calls for feedback on ETP names

ASIC ETP feedback

ASIC believes the naming of exchange-traded products should be improved and has called for input on how that should be done.

read more
Auditing

More auditor interaction needed

auditor SMSF

Measures affecting SMSFs as a result of COVID-19 should encourage trustees to consult with their fund auditor more often.

read more

Copyright © SMS Magazine 2024

ABN 43 564 725 109

Benchmark Media

Site design Red Cloud Digital