News

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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Accounting, Tax

Numbers for cap on tax advice based on wrong data set

tax advice

Calls to cap deductions for costs related to tax advice have been based on inaccurate and limited data.

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Superannuation, Tax

Franking credit policy should be for all superannuation funds

Any changes to franking credit policy should be applied at an individual level across all superannuation funds if it is to be non-discriminatory.

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ATO, Superannuation

ATO outlines SMSF implications of super reforms

The ATO has identified the SMSF implications of the Protecting Your Super reforms that will come into effect from 1 July 2019.

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Appointments

SuperConcepts restructures leadership team

SMSF administrator Superconcepts has announced a major reshuffle to its executive team including COO and CFO.

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