News

ETFs

BetaShares to launch cloud-focused ETF

February 11, 2021

The ongoing expansion of cloud computing has prompted BetaShares to launch a new ETF focused on the sector for Australian investors.

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Technology

Class commits to tech spend

February 10, 2021

Jason Spits

Class will continue to move away from its SMSF administration roots, building out new business lines and exploring potential opportunities within in the estate planning sector.

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Superannuation

Reduce large balances to cut concessions

February 10, 2021

Tharshini Ashokan

ASFA has recommended the reduction of large super balances to cut back investment earnings tax concessions they receive arguing they are inequitable as part of its budget submission for 2021/22.

Wealth transfer body names new directors

February 10, 2021

Jason Spits

Three new directors have joined a fledgling association looking to represent the interests of advisers working in the wealth transfer space.

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Superannuation

Call for top-up measures

February 9, 2021

Darin Tyson-Chan

A major accounting body has called for the implementation of specific measures to replenish superannuation accessed early due to COVID-19.

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Documentation

Validity key in avoiding rent breaches

February 9, 2021

Jason Spits

As rent relief measures come to an end, SMSFs have been reminded that only formal legal documents can be accepted by an auditor and the ATO when assessing the income of the fund.

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ASIC, Investments

Investment manager suspended from operations

February 9, 2021

Jason Spits

ASIC has suspended a niche Queensland investment manager from any action after it repeatedly failed to lodge accounts and reports on time.

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ATO, Documentation, Superannuation

TBC change needs data access

February 8, 2021

Jason Spits

The SMSF sector will need access to data held by the ATO related to transfer balance caps (TBC) ahead of its indexation to prevent further confusion and errors, an administrator has claimed.

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Documentation, Technology

Keep processes tight using new technology

February 8, 2021

Darin Tyson-Chan

High standards regarding SMSF approval procedures need to be maintained despite the increased use of technology.

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Financial Planning

Commission yet to deliver improved outcomes

February 8, 2021

Tharshini Ashokan

The recommendations of the Hayne Royal Commission have not improved financial advice or lessened the complexities of its regulatory framework, the AFA says.

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