News

Compliance, financial advice, Financial Planning, Regulation

CSLR review extension disappointing

Financial Advice Association of Australia, FAAA, Division 296, Upper House, Parliament, Philip Anderson, Senate, Better Targeted Super Concession Bill,

An extension to the inquiry into the operations of the Compensation Scheme of Last Resort is frustrating, given advisers need clarity on how it will impact their businesses.

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SMSF, Trusts

Corporate trustee shareholders key

SMSF Self-managed superannuation corporate trustee company directors company shareholders Accurium Mark Ellem estate planning

Practitioners need to act with caution when appointing the shareholders of the SMSF corporate trustee company in the absence of any relevant rules.

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Tax

Senate must deny Div 296 passage

Australian senators should end the progress of the Division 296 tax bill, which may result in people having to borrow to pay the impost on super fund members.

Australian senators should end the progress of the Division 296 tax bill, which may result in people having to borrow to pay the impost on super fund members.

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Education, financial advice, Financial Planning

Don’t delay education requirements

SMSF Association Keddie Waller Financial advice Financial advisers Education requirements Experienced pathway Authorized Relevant provider

Financial advisers who lose their authorisation should be aware of what education requirements they may need to meet to ensure they can still practise after the start of 2026.

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ETFs

PIMCO releases four active fixed-income ETFs

PIMCO has expanded its investment footprint by releasing four new active ETFs providing investors with access to global fixed-income options.

PIMCO has expanded its investment footprint by releasing four new active ETFs providing investors with access to global fixed-income options.

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Pensions

TR 2013/5 workable solutions needed

Additional ATO guidance is required to manage anomalies arising from the application of TR 2013/5 to death benefit pensions and TRIS.

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Death benefits, Superannuation

Remove death benefit lump sum limits

Removing the limit on the number of death benefit lump sums that can be made from super is an easy change that could be made and would reduce breaches of payment regulations.

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financial advice, Financial Planning

More urgency needed for Dixon inquiry

The government has been urged to accelerate the Senate inquiry into the Dixon Advisory collapse and its interaction with the CSLR.

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Auditing, Technology

AI useful, but needs human touch

AI can be used productively by SMSF auditors, but they still need to oversee its output in the same way they would check the work of a human.

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Superannuation, Tax

Division 296 deliberately deceptive

Division 296 tax, Financial Services Council, Blake Briggs, Superannuation, Self-managed superannuation, SMSF

A leading industry figure has accused the federal government of intentionally misleading the public as to who the Division 296 tax will ultimately impact.

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