News

Accounting, ASIC

ASIC highlights register deadline for licensees

ASIC AFS licensees

ASIC has reminded AFS licensees of the January deadline for providing new information about their financial advisers.

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Commercial Property

Thinktank exceeds $2b in loan settlements

Thinktank loan settlements

Thinktank has reached over $2 billion in loan settlements, attributing its success to the sustained demand for commercial property finance among investors.

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ATO, Auditing

ATO auditor review finds need for improved education

ATO review auditors

More than two-thirds of the 51 auditors studied by the ATO so far as part of its review of the top 100 SMSF auditors required education, the regulator has said.

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ASIC, Financial Planning

ASIC project to clarify general advice

ASIC project general advice

The Australian Securities and Investments Commission is set to undertake a project examining what general financial advice means, an industry leader has said.

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ATO, Superannuation, Tax

Trustees unaware of ENCC repayment options

trustees excess contribution

Trustees may be unaware they could pay too much to the ATO when responding to excess non-concessional contribution determinations and need to review the options presented to them.

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Accounting, Financial Planning

Accountants abandoning advice

Accountants advice risk

The risk associated with providing financial advice is causing a significant number of accountants to stop providing this service for their clients, an industry advice leader has said.

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Administration, Compliance

Past offences a barrier to trustee role

SMSF trustee eligibility

Potential SMSF trustees should be encouraged to disclose any past dishonesty offences to avoid committing a further offence if they take on the role.

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Commercial Property, LRBA, Residential Property

SMSF loan product launched

SMSF loan product

I Love Accounting (ILA) has announced the launch of an SMSF loan product, in conjunction with emoney, for ILA clients.

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ETFs

BetaShares unveils new diversified ETFs

betashares diversified ETFs

Betashares has launched a new range of low-cost, multi-asset diversified ETFs on the ASX.

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ATO, Compliance

ATO penalties stifling trustees

ATO penalty scheme

The current ATO penalty scheme will push SMSF trustees towards non-compliance and may lead to some giving up on their funds altogether, an SMSF audit expert says.

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