News

The proposed changes to the franking credit rules could result in SMSF investors choosing debt for capital formation instead of equities, potentially threatening the Australian economy.

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ATO

ATO to address TBC commutation notice errors

January 17, 2019

Darin Tyson-Chan

The regulator has detected errors regarding transfer balance account commutations and is in the process of addressing them.

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ASIC, Compliance

Former adviser in court over SMSF, property advice

January 17, 2019

Malavika Santhebennur

A former financial adviser is facing ASIC court action for unlicensed SMSF establishment advice involving acquiring property assets.

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Regulation, Retirement, Superannuation

Franking credit proposal fails policy test

January 16, 2019

Malavika Santhebennur

Labor’s imputation refund proposal fails the public policy test on four grounds and will drive investors on to welfare, retirees have heard.

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Regulation, Superannuation

SMSFA flags three likely royal commission outcomes

January 16, 2019

Darin Tyson-Chan

The Royal Commission can result in three possible outcomes, each causing different levels of disruption, the SMSF Association believes.

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Education, Financial Planning

FASEA finalises foreign qualifications process

January 16, 2019

Jason Spits

Advice providers with foreign qualifications have been given certainty on how their training will be assessed by FASEA, which will consider key knowledge areas and regulatory and legal obligations.

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