News

New body aiming to prevent advice disasters

March 23, 2021

Wealth transfer association, SAPEPAA, has stated its purpose was to prevent ‘the horror stories’ that result from bad advice associated with wealth transfer matters.

read more

ASIC

Court finds against Mayfair advertising

March 23, 2021

Darin Tyson-Chan

The Federal Court has ruled Mayfair 101 Group made false, misleading and deceptive statements in regard to the marketing campaign for its debenture products.

read more

Business News

SuperConcepts strengthens BDO partnership

March 23, 2021

Jason Spits

SuperConcepts and BDO have extended a partnership in which the two will offer services to each other’s clients.

read more

Superannuation, Tax

Six members may net tax benefit

March 22, 2021

Darin Tyson-Chan

A tax benefit may result from the pending legislation that will increase the maximum number of SMSF members from four to six.

read more

Documentation

Electronic execution measures on hold

March 22, 2021

Tharshini Ashokan

The government’s move to extend temporary measures allowing the execution of deeds electronically has been delayed.

read more

Superannuation

Minister praises SMSF sector growth

March 22, 2021

Jason Spits

The steady growth of the SMSF sector has been highlighted by a government minister who has noted its rising place within the superannuation system.

read more

ATO

ATO updates alert system

March 22, 2021

Jason Spits

The ATO has expanded the alerts it will provide to SMSF trustees when changes take place within their fund.

read more

Technology

Heffron releases TBC calculator

March 22, 2021

Darin Tyson-Chan

Heffron has launched a calculator to help accountants and advisers monitor a client’s personal transfer balance cap in the lead-up to the application of indexation to this threshold.

read more

Superannuation

Late change to six-member bill

March 18, 2021

Darin Tyson-Chan

The federal opposition has made an amendment to stalled bill enabling six-member SMSFs, adding a review period one year after it is enacted.

read more

Documentation

Check ejection strategy before adding members

March 18, 2021

Jason Spits

An SMSF planning to eject a member must ensure they are informed about the process from the outset and it is included in the fund’s admissions criteria.

read more