News

Accounting, Auditing, Financial Planning

SMSF advice compliance “out of control”

February 20, 2020

Tharshini Ashokan

The compliance changes SMSF advisers have faced recently have been overwhelming, a compliance expert says.

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ATO

Non-lodgement numbers remain high

February 20, 2020

Jason Spits

The ATO will ask thousands of SMSFs why they should not be ruled non-compliant as the numbers that have not lodged an annual return remain high.

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ATO, Auditing

Auditors slow to respond on SAN misuse

February 20, 2020

Jason Spits

SMSF auditors have been slow in coming forward about the misuse of their auditor numbers, but the ATO has increased action on reported cases.

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Financial Planning

ALP wants more accessible advice

February 20, 2020

Darin Tyson-Chan

As Australians retire with more savings than ever before, the federal opposition would like quality financial advice to be more accessible to the greater public.

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Administration, Superannuation

Split contributions to lower TSBs

February 20, 2020

Tharshini Ashokan

Splitting a previous year’s contributions to a spouse is one of a few effective ways of reducing a TSB at 30 June, an SMSF technical expert says.

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ETFs, Investments

BlackRock signs on with OpenInvest

February 20, 2020

Tharshini Ashokan

BlackRock ETF model portfolios will be available to Australian investors via online marketplace OpenInvest.

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Retirement

SMSFs should be prototype

February 19, 2020

Darin Tyson-Chan

The SMSF sector should be seen as a prototype demonstrating how Australians can be better serviced in retirement by super funds, an industry body leader has said.

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ATO, Tax

Sector won’t win NALE battle

February 19, 2020

Jason Spits

Change to non-arm’s length expenses (NALE) provisions are unlikely but better guidance on its application will be forthcoming, according to an SMSF technical expert.

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Superannuation