News

ASIC to sharply hike adviser levies

June 15, 2020

ASIC has called for feedback on changes to its industry-based funding as it proposes a substantial increase in levies for financial advisers.

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Superannuation

Building super now a priority

June 15, 2020

Darin Tyson-Chan

Queries about superannuation contribution strategies dominated calls to AMP advisers in May overtaking calls about COVID-19 financial relief.

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Investments

Gold investing avenue open to SMSFs

June 15, 2020

Darin Tyson-Chan

Due to high levels of interest, SMSFs have now been provided with the ability to trade gold, stored on their behalf in Australia, via a new mobile app.

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ATO, Tax

NALI action won’t void RPL rules

June 11, 2020

Jason Spits

SMSFs with LRBAs through a related party lender should stay within NALI provisions despite the ATO taking a no-action position until mid-2021.

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ETFs

BetaShares unveils currency-hedged ETF

June 11, 2020

Tharshini Ashokan

BetaShares is launching currency-hedged versions of three of its international exchange-traded funds (ETFs) in response to recent market movements.

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Accounting

Time for careful contribution planning

June 11, 2020

Meg Heffron

June is a good time to strategise how to maximise superannuation contributions and make the most of the rules to ensure clients get the best outcomes.

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Auditing

Fraud creates auditor challenge

June 10, 2020

Darin Tyson-Chan

There is an increasing onus on SMSF auditors to detect fraud and the processes to do so are becoming more substantial, a leading practitioner has said.

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ASIC, Financial Planning

Henderson charged with dishonest conduct

June 10, 2020

Jason Spits

A banned financial adviser who was the subject of scrutiny at the financial services royal commission will face charges related to misrepresenting his qualifications to give advice.

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ATO, Superannuation, Tax