News

Super changes at fore in post-COVID advice

April 28, 2021

As COVID-19 social security measures wind down, advisers are seeking more technical help to tackle pending changes to superannuation contributions and fund balances.

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Accounting, Financial Planning

Accountants consolidate their standing

April 28, 2021

Darin Tyson-Chan

Australians still regard accountants as the most ethical and honest finance-related practitioners.

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Residential Property, Superannuation

Investment platform moves into property

April 28, 2021

Jason Spits

A mobile device-based investment platform has expanded into property after purchasing a small-scale super fund specialising in residential property.

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Pensions, Tax

Pension-phase CGT issue clarified

April 27, 2021

Darin Tyson-Chan

The ATO has clarified how the rules that govern non-arm’s-length capital gains tax triggered by assets used to support an income stream will apply.

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Auditing, Contributions

Auditors must vet downsizer contributions

April 27, 2021

Jason Spits

Auditors should examine downsizer contributions to ensure they are made correctly, with the ATO issuing guidance about what will trigger a contravention report.

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ETFs

BetaShares launches bank hybrids ETF

April 27, 2021

Jason Spits

Following the strong growth of its active hybrid ETF, BetaShares has launched a passive fund focused on hybrid securities issued by major banks.

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Tax

Splitting CGT relief has catch

April 26, 2021

Darin Tyson-Chan

Capital gains tax relief is available when SMSF assets are required to be split when spousal members separate.

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Superannuation

Early super release a great success

April 26, 2021

Darin Tyson-Chan

The decision that enabled Australians legitimate early access to superannuation as a response to COVID-19 has been described as a success.

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Documentation

Admin provider expands into documents

April 26, 2021

Jason Spits

SMSF administration provider Mclowd will offer a range of SMSF documents under a new arrangement formed with a third-party provider.

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Financial Planning

Disputes lead to FPA file note guidance

April 26, 2021

Jason Spits

Disputes between advisers and clients have led the FPA to create new guidance about what should be recorded in a file note and new ways of capturing that information.

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