News

Auditors considering NALE protections

November 8, 2021

SMSF auditors may seek greater declarations from trustees regarding non-arm’s-length expenditure to prevent litigation in the future.

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ATO, Business News

Advisers in line of defence against scams

November 8, 2021

Tia Thomas

SMSF specialist advisers can play a key role in helping trustees and self-directed investors defend themselves against investments scams which exceeded $325 million in lost funds last year.

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ASIC

ASIC outlines ROA usage

November 8, 2021

Jason Spits

Advisers have been given directions for when and how they can use a record of advice as part of ASIC’s effort to reduce the cost of advice.

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Documentation, Pensions

Pension PDS caution required

November 4, 2021

Darin Tyson-Chan

Advisers should ensure they include a product disclosure statement in the pension information they issue to their clients.

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ASIC

ASIC shuts firm over SMSF investments

November 4, 2021

Tia Thomas

ASIC has moved to shut down an unlicensed financial services business it claims misused funds from SMSFs for its own benefit.

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Superannuation

Separate funds simplify death benefits

November 4, 2021

Jason Spits

Despite an industry trend to add more people to an SMSF, having separate funds may create a simple way to manage death benefits for married couples.

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Aged Care

Aged-care program added to advice course

November 4, 2021

Tia Thomas

Deakin University has partnered with Aged Care Steps to offer students professional experience while still earning credits towards their degree.

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Business News, Investments

Marketech boosts stock trade offering

November 4, 2021

Jason Spits

Online share trading platform Marketech will join with stock market news service Marcus Today to boost their service offerings to investors.

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NALI/NALE

NALE goes beyond related parties

November 3, 2021

Darin Tyson-Chan

The non-arm’s-length expenditure rules as defined by LCR 2021/2 are not confined exclusively to related-party transactions.

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Superannuation

Don’t dismiss DDO just yet

November 3, 2021

Tia Thomas

SMSF practitioners and service providers may consider disregarding Design and Distribution Obligations (DDO), but a legal expert has advised funds may fall under those requirements.

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