News

ATO issues auditor appointment reminder

March 12, 2020

The ATO has reminded trustees they are legally required to appoint an approved SMSF auditor by 31 March or face the possibility of a large fine.

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ATO, Compliance

ATO data lifts need for warnings

March 11, 2020

Jason Spits

New ATO data-checking abilities mean trustees need to comply with investment guidelines and advisers should be promoting this compliance.

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ATO, Superannuation

Angst over concessional cap records

March 11, 2020

Darin Tyson-Chan

ATO record-keeping with regard to unused contributions caps able to be carried forward is still causing worry among SMSF tax agents.

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Business News

Heffron recruits Cavendish founder

March 11, 2020

Jason Spits

A long-serving and senior figure in the SMSF sector has taken on a new expansion-focused role with Heffron.

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Estate Planning

Control key to estate planning

March 11, 2020

Tharshini Ashokan

Trustees should consider who will be in control of their SMSF decisions when a member dies or loses capacity, and ensure their documentation reflects this.

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ASIC, Superannuation

Early-release promoter banned

March 10, 2020

Jason Spits

A banned financial adviser has received a further penalty from ASIC for his part in a scheme that promoted the illegal early release of super via SMSFs.

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Business News, Financial Planning

Seamless SMSF targeting advisers

March 10, 2020

Darin Tyson-Chan

Seamless SMSF is looking to increase the number of financial planning practices it services on the back of its rebrand last month.

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Regulation, Retirement

SMSFA supports draft work test amendment

March 10, 2020

Tharshini Ashokan

The SMSF Association has voiced its support for draft legislation giving individuals aged 65 and over greater ability to make super contributions.

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Administration, Business News

Heffron unveils new online SMSF tools

March 10, 2020

Tharshini Ashokan

Heffron has launched two new resources to help SMSF practitioners better serve their clients.

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Administration, ATO

ATO wind-up advice unworkable

March 9, 2020

Darin Tyson-Chan

The guidance the ATO released for SMSF trustees regarding fund wind-ups has been described as unworkable from an audit perspective by a leading sector practitioner.

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