News

SAN misuse reporting at new high

March 25, 2021

Auditors have responded positively to an ATO call for data regarding SMSF auditor number misuse, providing more insight into errors related to the annual audit process.

read more

Auditing

ATO guidance ends data feed speculation

March 25, 2021

Tharshini Ashokan

The ATO’s audit independence guidance highlights the near impossibility of firms being able to use automated tools as a path to in-house audits, a technical expert says.

read more

ASIC, Financial Planning

ASIC releases new ongoing fee rules

March 25, 2021

Jason Spits

ASIC has released new rules around what consent advisers need to secure when using ongoing fee arrangements with clients.

read more

Appointments, Business News

AFA CEO concludes his term

March 25, 2021

Darin Tyson-Chan

Association of Financial Advisers (AFA) chief executive Philip Kewin has decided to step down from his position after four years at the helm of the industry body.

read more

Superannuation, Tax

Segregation a potential tax rort

March 24, 2021

Tharshini Ashokan

Asset segregation will not protect trustees seeking a tax avoidance arrangement, with the ATO watching these situations, a technical expert has advised.

read more

Platforms

WealthO2 to aid SMSF client retention

March 24, 2021

Darin Tyson-Chan

Platform provider WealthO2 is developing functionality that should assist advisers to retain their SMSF clients.

read more

Superannuation

Six-member fund ideal asset holding structure

March 24, 2021

Jason Spits

The use of larger SMSFs as asset holding structures was overlooked in the government’s promotion of them as family super vehicles.

read more

LICs

LICs grow off new asset offerings

March 24, 2021

Jason Spits

The offering of LICs on assets beyond Australian shares has resulted in sizeable growth for the sector as investors use a stable model to access new opportunities.

read more

Strategy, Tax