News

ATO, Auditing

Figures show SAN misuse not rife

June 30, 2021

Jason Spits

SMSF auditor number misuse remains an area of concern, but ATO figures indicate it is not a widespread problem.

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Contributions

Missed contributions not end of the road

June 30, 2021

Jason Spits

Missed opportunities to make bring-forward contributions may open up the possibility for larger contributions under other new rules in the coming financial year.

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ASIC, Cryptocurrency

ASIC seeking best practice in crypto offerings

June 30, 2021

Tia Thomas

ASIC has raised concerns about how ETPs and other investment products provide access to crypto-assets for retail investors.

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Retirement, Superannuation

Intergen Report positive for SMSFs

June 29, 2021

Darin Tyson-Chan

The findings of the 2021 Intergenerational Report are very positive sign of the future for the SMSF sector for the coming decades.

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ASIC, Auditing

Auditor disqualified for independence breach

June 29, 2021

Jason Spits

ASIC has disqualified the SMSF auditor registration of a Sydney-based practitioner who was found to be lacking independence and failed to obtain evidence when required to do so.

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Compliance, Regulation

Best financial interests duty not a chore

June 29, 2021

Jason Spits

SMSF trustees should have no difficulty complying with the incoming best financial interests duty as it coincides with their interests as beneficiaries.

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Accounting

Year-end investment strategy review wise

June 29, 2021

Tia Thomas

The super fund investment strategy should be reviewed annually in conjunction with the end of the financial year.

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Retirement, Superannuation

Retiree group applauds super legislation

June 29, 2021

Darin Tyson-Chan

The Your Future, Your Super legislation has been endorsed by the Association of Independent Retirees for the performance and efficiency gains it will produce.

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