News

Property

DomaCom snaps up first asset for new product

DomaCom property

DomaCom has acquired its first rent-to-own property as part of its new equity model product.

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Superannuation

SMSFA to aid COVID-19 recovery

COVID-19 recovery

The SMSF Association is aiming to formulate policy in conjunction with the National COVID-19 Coordination Commission to define roles the sector can play in assisting the nation’s economic recovery after the coronavirus pandemic.

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Pensions

Death pension ECPI has no set time frame

Death pension

Death benefit pensions that require an extended period of time to be paid can still qualify for exempt current pension income, a technical expert has said.

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Financial Planning

Advice curbs COVID-19 financial worries

COVID-19 advice

Australians who seek financial advice are less concerned with the financial impact of COVID-19 compared to those who don’t seek advice, a survey has shown.

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ATO, Regulation

Death benefit lump sums unclear

Death benefit lump sums

The ATO is yet to clarify if multiple lump sum payments can be made from death benefit pensions.

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Financial Planning

Tech stacks not meeting adviser needs

Technology stacks

Financial planners are relying on their technology stack in greater numbers in order to engage with clients, but many believe their platform and advice software needs are not being met, research has revealed.

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Business News

Class acquisition gains traction

Class acquisition

Superannuation administration service provider Class is reaping the rewards from its purchase of NowInfinity.

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ATO, Superannuation

Sector data has limited relevance

SMSF data

Overall SMSF data can reflect the state of the sector, but has limited application when considered at fund level.

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Property, Tax

Rent relief a 2020 tax return issue

Rent relief

The tax implications of rent concessions granted to tenants as a result of COVID-19 need to be taken into account for the 2020 financial year, an SMSF technical expert says.

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Appointments

Industry veteran announces retirement

SMSF Association

The SMSF Association has confirmed its head of technical Peter Hogan will be retiring at the end of September.

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