News

Countplus continues to grow network

November 18, 2019

Countplus has acquired a substantial stake in accounting and financial planning firm DMG Financial for almost $2.9 million.

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Compliance, FASEA

ASIC grants compliance scheme exemption

November 14, 2019

Jason Spits

ASIC will not penalise advice licensees for failing to sign their representatives to a compliance scheme following the government’s decision to keep ethics enforcement inhouse.

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ATO

ATO confirms division 293 tax payment method

November 14, 2019

Darin Tyson-Chan

The ATO has informed SMSF trustees and tax agents that division 293 tax liabilities can be paid from superannuation monies.

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Appointments

Former SuperConcepts GM joins SuperAA

November 14, 2019

Tharshini Ashokan

SMSF administration and audit firm SuperAA has appointed a former SuperConcepts executive to be its new general manager.

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Investments

Hunt for yield to intensify

November 14, 2019

Darin Tyson-Chan

The continued reduction of the official interest rate will see SMSF investors increase their focus on generating yield from their investments, a global fund manager has predicted.

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Appointments

SMSF legal firm recruits advice expert

November 14, 2019

Jason Spits

Townsends Lawyers has added an SMSF expert to its team, providing advice to staff and clients within the legal firm and its affiliate, SuperCentral.

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ATO, Superannuation

NALE may be proving ground for legal challenges

SMSF trustees need to take into account certain legislative and regulatory changes that will come into effect from 1 July 2021.

November 13, 2019

Jason Spits

The recent focus on non-arm’s-length expenditure (NALE) by regulators may be a move to prevent any legal challenges in that area if the matter is brought to court.

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Accounting, Compliance