News

Education

Advisers embrace education en masse

advisers education

Financial advisers have drastically increased their uptake of courses to meet FASEA’s education standards, according to statistics released by the authority.

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NALI/NALE

Industry marshals NALE arguments

NALE super funds

A group of industry associations will collectively present case studies highlighting the impact of NALE provisions on super funds as part of a push to make changes.

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ATO

ID fraud impacting SMSFs

SMSF identity fraud

Identity and investment fraud are on the rise among SMSFs and the ATO has acknowledged this development and has a strategy to combat it.

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Documentation, Superannuation

Consent to act requires all signatures

consent to act trustees

The consent to act is a critical SMSF document and must be signed by all people who are intending to take on the role of trustee for the fund.

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Business News, Documentation

Class adds DocuSign to product suite

Class Docusign

Class has launched its new digital signature feature in partnership with DocuSign to create a more rapid process for professionals and clients.

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NALI/NALE

Government reviewing NALE impact

SMSFs NALE impact

The government is looking at the impact of NALE provisions on SMSFs and may offer a solution, according to an industry body.

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LRBA

LRBA shouldn’t cause negative balances

LRBA negative balance SMSF

Employing an LRBA in an SMSF should not lead to any of the fund members having a negative asset balance.

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Financial Planning, Property

COVID issues key adviser concerns

advisers COVID relief

COVID relief measures for SMSFs and the use of property have been key areas of concern for advisers in the past quarter.

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Business News

Hub24 to acquire Class

HUB24 acquire Class

Hub24 will acquire all ordinary shares in Class in a multi-million-dollar share swap deal.

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Documentation

Scanned documents not acceptable

scanned SMSF documents

Superannuation law and other pieces of legislation do not allow the use of scanned copies of documents as an official record for a fund.

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