News

FASEA sets dates for final batch of exams

July 27, 2020

Advisers will have only nine more exam periods in which to pass the FASEA exam, with six new sessions announced for 2021.

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Superannuation

Early release extended to Dec 31

July 23, 2020

Jason Spits

Superannuation fund members facing financial hardship have been given a longer window in which to access retirement savings under the early release scheme

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Direct Property, Property

LRBA property count now required

July 23, 2020

Darin Tyson-Chan

SMSFs holding property under a limited recourse borrowing arrangement (LRBA) have a new reporting property count requirement on the 2020 annual return.

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Superannuation

Lack of super objective reckless

July 23, 2020

Jason Spits

The ongoing lack of an objective for superannuation is rash approach to building and running an inter-generational saving scheme, a government senator has claimed.

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Education

Kaplan freezes FASEA course fees

July 23, 2020

Jason Spits

Advisers using Kaplan Professional to meet FASEA education requirements will not face any fee increases for 18 months.

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ETFs

BetaShares expands currency-hedged ETF range

July 23, 2020

Tharshini Ashokan

BetaShares has expanded its series of currency-hedged global ETFs, adding two new funds focused on global sustainability and the NASDAQ100 index.

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Pensions

ATO statistics show pension commutation confusion

July 22, 2020

Tharshini Ashokan

More trustees are failing to meet minimum pension payment standards suggesting many commuting a pension do not fully understand their obligations.

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Administration, Documentation

Annual return sign-off timing important

July 22, 2020

Darin Tyson-Chan

The procedural timing for the sign-off of an SMSF annual return is critical and carried out incorrectly can result in compliance issues and penalties.

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Financial Planning, Retirement

Cheap advice a must for retirement system

July 22, 2020

Jason Spits

Low-cost, mass-market financial advice must be available to those facing retirement and should be built into Australia’s retirement savings system.

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Technology

Class to provide Xplan with data feeds

July 22, 2020

Jason Spits

Advisers using Xplan will be able to view their clients’ SMSF investments after the software provider secured new data feeds from SMSF admin platform Class.

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