News

Regulation, Superannuation

SMSF changes must be aligned to super objective

Further changes to SMSFs need to be assessed against the objective of superannuation to avoid further instability being added to the sector.

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Education

FASEA begins assessing foreign qualifications

FASEA will begin assessing university qualification attained overseas, taking around two weeks to inform advisers if they meet the new education standards.

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Retirement, Tax

Tax impact of franking credits remains unaddressed

tax impact; franking credits

The impact of franking credit refunds on the wider tax base has yet to be addressed, despite refunds featuring prominently in the recent federal election.

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ATO

ATO pushes trustees’ valuation responsibilities

The ATO will accept asset valuations from trustees but has reminded them of their responsibilities in accurately sourcing that information.

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Retirement, Superannuation

Retirement strategy an advice value-add

An SMSF strategist has labelled making use of the retirement provisions in the Superannuation Industry (Supervision) Act a very important strategic element of an adviser’s value proposition.

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LRBA, Property

LRBAs to bounce back after election

limited recourse borrowing arrangements; LRBA; Grant Abbott

The use of limited recourse borrowing arrangements has been predicted to rebound in the coming months, driven by government support and lower property prices.

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Financial Planning, Investments, Tax

Franking credit planning premature

Advisers and clients who moved to offset the impact of Labor’s proposed franking credit refund ban should have waited until the legislation, according to SuperConcepts.

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Financial Planning

Survey shows drop in financial services pay rises

The latest Hays Salary Guide has found the number and rate of pay rises across the financial services industry will be lower this year than last year.

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Education

Kaplan partners with Deloitte on bridging courses

Kaplan Professional has joined with ex-FASEA chief executive Deen Sanders to deliver FASEA standard bridging courses.

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LRBA, Superannuation, Tax

Election puts SMSF measures back on govt agenda

Green tick in box labelled yes

The coalition’s election win is likely to result in a number of stalled superannuation and SMSF measures being reintroduced into parliament within weeks.

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