News

The banking royal commission recommendations should not be rushed through Parliament, which still has to deal with stalled legislation, claims the FSC.

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Regulation, Retirement

Franking credit campaign ‘misrepresentations’ addressed

February 11, 2019

Jason Spits

The head of Wilson Asset Management has rejected claims he has formal ties to Liberal MP Tim Wilson, despite both campaigning against the removal of franking credit refunds.

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Regulation

Compensation scheme of last resort praised

February 11, 2019

Darin Tyson-Chan

A major SMSF administration service provider has lauded the banking royal commission’s recommendation for a compensation scheme of last resort.

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Tax

ALP’s trust tax leaves SMSFs hanging

February 11, 2019

Malavika Santhebennur

SMSFs have been warned they could be affected by Labor’s proposal to charge a 30 per cent tax rate on discretionary trust distributions to those over 18.

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LRBA, Property

New call for total LRBA ban

February 11, 2019

Jason Spits

A total ban should be placed on all LRBAs due to their high risks, according to a property research house.

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Compliance, Education

FASEA releases final Code of Ethics Standard

February 11, 2019

Jason Spits

The body tasked with overseeing adviser education and professionalism has released the final of seven standards, publishing its finalised code of ethics.

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Accounting, Regulation

Time to review licensing necessity

February 7, 2019

Malavika Santhebennur

The head of an industry body has recommended accountants review their service propositions to determine if operating under a licence and complying with FASEA are necessary.

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