News

Superannuation, Tax

Super fund mergers granted permanent tax relief

&

Super funds looking to merge will be granted tax relief on a permanent basis from the next financial year.

read more
Investments, Superannuation, Tax

Government super taxes hit by share buy-backs

Taxes collected by the government from superannuation funds are expected to dip as a result of recent off-market share buy-backs.

read more
ASIC, Education, Superannuation

Super complaints, consumers given funding boost

The government will investigate the creation of an advocacy body for superannuation consumers, while providing funding to deal with unresolved complaints.

read more
Superannuation

Contributions amendments get industry body support

The Financial Services Council (FSC) has strongly supported the changes to the contributions rules announced yesterday aimed at helping Australians nearing retirement boost their superannuation savings. Commenting on the development, FSC chief executive Sally Loane said: “The changes to extend access to the work test exemption, spouse contributions and bring-forward arrangements will provide workers nearing […]

read more
Administration

Call for activism over six-member rule

I Love SMSF founder Grant Abbott has called on sector practitioners to email members of the Senate immediately imploring them to pass the legislation that will change the maximum number of members in a self-managed fund from four to six. Abbott sent his call to action out via email and social media in a message […]

read more
Accounting

FASEA-driven adviser exodus not dramatic

The effect the new Financial Adviser Standards and Ethics Authority (FASEA) education requirements and other legislative changes to the financial services sector are having in reducing advisory numbers is less severe than perceived, according to a business consultant. However, before people can start to assess the impact of these factors they need to better understand […]

read more
Retirement, Superannuation

Govt dilutes Work Test and extends bring-forward rule

Ahead of tomorrow’s Federal Budget, the Government has announced changes to super pitched at new retirees.

read more
Investments, Property

DomaCom teams up with La Trobe Financial

Jigsaw pieces.

SMSF members looking to invest in the DomaCom fractional property investment fund will now be able to borrow to do so after the manager’s new partnership with La Trobe Financial.

read more
Financial Planning, Investments, Practice Management

Grandfathering removal needs sensible time frame

The end of grandfathered remuneration should take place, but time is needed for advisers to adapt their business models.

read more
Education

Advisers warned not to underestimate FASEA exam

The open-book nature of the FASEA adviser exam will not make it easier for advisers, who have been warned they have limited time to pass the mandatory exercise.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.