News

An SMSF sector expert has warned compliance breaches may result from confusion over the contribution rules changes included in the 2019 federal budget.

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Superannuation, Tax

Franking credit report suggests policy rethink needed

April 8, 2019

Jason Spits

An alliance of 11 consumer and industry bodies has called on Labor to reconsider its franking credit policy, claiming a recent inquiry has shown it is flawed and unfair.

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Administration, Superannuation

Class enhances TBAR functionality

April 8, 2019

Hrishikesh Joshi

Class has made enhancements to transfer balance account report functionality following the release of a new ATO online service portal.

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Investments, Tax

Franking credit inquiry opposes refund changes

April 5, 2019

Jason Spits

The final report from an inquiry into the removal of franking credits to some individuals has opposed the move, despite being split along party lines.

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Investments, Tax

Labor claims franking credit inquiry not valid

April 5, 2019

Jason Spits

The Labor Party has accused the chair of the franking credit inquiry of breaching parliamentary standards and colluding to influence consumers.

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Investments, Tax

FSC supports franking credit report recommendation

April 5, 2019

Hrishikesh Joshi

The FSC has welcomed a recommendation from a parliamentary inquiry which has opposed the removal of franking credit refunds.

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Accounting

NALI, LRBA changes unlikely to pass before poll

April 4, 2019

Jason Spits

A bill to make changes to the rules around calculations for NALI and the value of assets in an SMSF with an LRBA are likely to lapse after stalling in the Senate.

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