News

ASIC, Compliance

ASIC clarifies litigation strategy

ASIC has detailed how its enforcement activities will operate, highlighting that while litigation was an option, other enforcement actions were also in use.

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Education

Graduate diploma approvals not expected till June

FASEA has confirmed it is yet to approve applications for graduate diploma and bridging courses, but expects to do so by mid-June.

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ATO, Superannuation

SMSF establishment balances jump

SMSF establishment balances have increased says the ATO

More SMSFs are being established around the $500,000 mark, meeting the Productivity Commission’s suggested benchmark made earlier this year.

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Pensions

Three key factors for reversionary pensions

The level of sophistication involved with a reversionary pension comes down to three things that or high importance, according to a SMSF sector strategist.

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Investments, Tax

Wilson to continue franking credit fight

The head of Wilson Asset Management will continue to protest against franking credit changes even if ALP wins the federal election.

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ATO, Auditing

ATO reminds auditors of contravention reporting duty

The ATO has reminded SMSF auditors of their obligations to report any contraventions they find when finalising fund audits, and the fines for not doing so.

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Superannuation, Tax

Labor tax changes go beyond ‘wealthy’ retirees

Image of target to illustrate Labor party election policies aimed at retirees

Retirees incorrectly labelled as wealthy have been targeted to generate a third of Labor’s election policy costings.

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Regulation, Superannuation

Super policies result in unstable future

Super fund members are not being offered stability by either major political party despite past calls for more certainty in the sector.

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Superannuation

Industry funds to pick up $20b from SMSFs

An investment manager has predicted SMSFs are likely to shift $20 billion into large public offer super funds in response to Labor’s proposed franking credit policy.

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Education

The Ethics Centre launches FASEA level bridging course

A FASEA accredited ethics bridging course, developed by The Ethics Centre, will be made available to financial advisers later this year. 

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