News

Administrator offers data-matching portal

June 9, 2020

SMSF Alliance has upgraded it portal, offering a data-matching service for trustees that can be used by advisers to generate new sources of fee income.

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FASEA

FASEA approves historical coursework

June 9, 2020

Tharshini Ashokan

FASEA has approved additional coursework, previously offered by a major university, as meeting its education standards

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Appointments, ATO

ATO SMSF leader moves on

June 5, 2020

Darin Tyson-Chan

The role of ATO assistant commissioner SMSF segment will be pass into new hands from next week as the regulator reassigns a number of key staff.

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Superannuation

SMSFs soft target for relief cash

June 4, 2020

Jason Spits

SMSFs and self-funded retirees are soft targets for tax increases designed to replenish government funds spent on COVID-19 relief.

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LRBA

Problems with LRBA relief

June 4, 2020

Darin Tyson-Chan

SMSFs may encounter complications when seeking relief from limited recourse borrowing arrangement payments relating to COVID-19 financial hardship, a technical expert has said.

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ATO, Superannuation

ATO tells SMSFs to ignore off-target letters

June 4, 2020

Jason Spits

SMSFs that have received a letter requiring them to report claims for a contribution deduction should ignore them as they do not apply.

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Superannuation

FSC calls for one-off super boost

June 3, 2020

Jason Spits

The Financial Services Council has called for a special contributions regime for super fund members impacted by COVID-19.

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Financial Planning, Regulation

FPA wants AFSL system dumped

June 3, 2020

Tharshini Ashokan

The AFSL system for financial planners should be replaced by a new framework focusing on individual registration through a single disciplinary body, the FPA says.

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Accounting, Financial Planning