News

Returns still require signature

July 27, 2020

SMSF annual returns still require a signature of some sort, regardless of COVID-19 isolation practices, a technical specialist has said.

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LRBA

Disclosure critical to avoid LRBA asset trap

July 27, 2020

Jason Spits

SMSFs looking to use an intermediary LRBA must tell lenders they are using a holding trust or risk the possibility of breaching in-house asset rules.

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Regulation

Advice regulatory reform will help recovery

July 27, 2020

Tharshini Ashokan

The government should consider a more simplified regulatory framework for the financial advice industry as part of its COVID-19 economic recovery plan, the SMSF Association says.

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Education, FASEA

FASEA sets dates for final batch of exams

July 27, 2020

Jason Spits

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