News

Pensions, Superannuation

Work test, legacy pension details clarified

work test bring forward

The government has clarified how the proposed work test and non-concessional contribution bring-forward rules outlined in the budget will operate.

read more
Pensions, Superannuation

Govt releases ECPI changes draft legislation

ECPI legislation

Two years after announcing changes to ECPI, the government has released draft legislation for industry consultation on the move.

read more
ATO, Superannuation

ATO issues warning to auditors, laggard funds

auditors trustees report

The ATO has issued warnings to SMSF trustees who have failed to comply with SAR deadlines and has discovered auditors are making a common ACR mistake.

read more
ASIC, FASEA

ASIC supporting scaled advice

ASIC scaled advice

ASIC is working on solutions to allow practitioners to comply with their legal obligations while providing scaled advice.

read more
FASEA, Regulation

Opposition slams FASEA as failure

FASEA failure

Labor’s Stephen Jones has said the government’s claim it has regained authority over the functions of FASEA is evidence of its failure and the policies that created it.

read more
Contributions, Superannuation

Downsizer timing now more important

Downsizer contibution timing

The timing of downsizer provisions contained in this year’s budget will take on more significance from 1 July 2022.

read more
FASEA, Regulation

Govt reclaims authority with FASEA move

Government FASEA transfer

The transfer of the FASEA regime back under government control represents the restoration of parliamentary authority, a senior minister has said.

read more
Financial Planning, Regulation

Advice regulations decades out of date

financial advice regulations

The regulations for financial advice are based on products and issues from 20 years ago which has driven up the current cost and complexity of advice for consumers.

read more
ASIC

ASIC seeking conflicted remuneration penalty

conflicted remuneration penalty

ASIC has begun a civil penalty action against an SMSF group over conflicted remuneration payments tied to the recommendation and acquisition of property.

read more
ASIC

Ex-van Eyk Research head faces court

van Eyk dishonesty charges

Seven years after van Eyk Research’s closure, ASIC has brought legal action against its former CEO, alleging he used his position to dishonestly gain an advantage for himself.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.