News

ETFs

BetaShares unveils new diversified ETFs

betashares diversified ETFs

Betashares has launched a new range of low-cost, multi-asset diversified ETFs on the ASX.

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ATO, Compliance

ATO penalties stifling trustees

ATO penalty scheme

The current ATO penalty scheme will push SMSF trustees towards non-compliance and may lead to some giving up on their funds altogether, an SMSF audit expert says.

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Regulation, Superannuation

Illegal scheme promoter banned, fined

Illegal early access

The Federal Court has imposed a two-pronged penalty on a woman found guilty of promoting and operating a scheme providing illegal early access to superannuation benefits.

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ATO

Regulator scrutiny good for SMSF sector

ATO scrutiny SMSF sector

The ATO’s close examination of the SMSF sector has been crucial to its ongoing growth and success and will be required to maintain that into the future.

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FASEA

Govt appoints advice rep to FASEA board

FASEA board

The government has filled a vacancy on the FASEA board for an advice representative four months after it was opened by the resignation of a former member.

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Accounting, Financial Planning

NALE may hit pro-bono work

pro-bono SMSFs NALE

Pro-bono advice and non-advice services provided to SMSFs may also be trapped under non-arm’s-length expenses (NALE) arrangements.

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Accounting, Financial Planning

Advisers mental health at crisis point

adviser mental health

The fallout from the financial services royal commission and other significant changes in the sector have resulted in the metal welfare of financial advisers being at crisis point, an industry specialist has said.

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Investments

Renewable energy targeting SMSF investors

Renewable energy SMSF

SMSF members will have the opportunity to invest in the renewable energy sector through a unique project developed for them.

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Education, FASEA

Don’t rely on FASEA Code of Ethics guidance

FASEA Code of Ethics guidance

Proof of compliance with the new FASEA Code of Ethics should not be verified by practitioners using the associated guidance document, a senior advice executive has said.

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ATO, Strategy

ATO view on SMSF asset ranges correct

SMSF asset ranges

The ATO is right to say SMSF investment strategy documentation with ranges of 0 per cent to 100 per cent is unacceptable, according to an SMSF expert.

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