News

Assets must be held during fund wind-up

March 21, 2022

An SMSF marked for wind-up must retain some assets to ensure the process can be completed properly without any adverse consequences arising.

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Investments

Managed account usage spikes

March 21, 2022

Jason Spits

Global pandemics, political tensions and market volatility have driven the usage of managed accounts to record high levels.

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Cryptocurrency, Regulation

Hume flags crypto trading controls

March 21, 2022

Jason Spits

The federal government has flagged the creation of licensing and custody arrangements for cryptocurrency trading exchanges as part of a new policy paper.

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Compliance, Regulation

Director ID request a one-off

March 17, 2022

Darin Tyson-Chan

An application for a director identification number will only be required once regardless of when it is used or activated.

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Investments

Investment bonds a good complement to SMSFs

March 17, 2022

Jason Spits

Investment bonds offer similar tax-free and estate planning benefits as SMSFs, but still remain underused by Australian investors.

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ETFs

BetaShares to launch quality-focused ETF

March 17, 2022

Tia Thomas

BetaShares is preparing to launch its Australian Quality ETF, providing exposure to diversified companies expected to deliver high rates of return.

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ATO

ATO grants SuperStream relief

March 16, 2022

Jason Spits

SMSFs struggling to obtain an electronic service address for SuperStream rollovers will be able to use paper forms to action them under temporary relief from the ATO.

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Superannuation

Labor wants bigger super role

March 16, 2022

Darin Tyson-Chan

Superannuation is likely to play a bigger role in the nation’s economy should Labor win the federal election to be held later this year.

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Contributions

Salary sacrifice not a June strategy

March 16, 2022

Darin Tyson-Chan

Contribution strategies involving salary sacrifice arrangements should be set up well before the end of the financial year.

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Contributions

COVID recontributions need approval form

March 16, 2022

Tia Thomas

Recontributions into superannuation to offset the COVID-19 early release of super can soon start, but the ATO has warned an approved form and process must be used.

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