News

ETFs, Investments

Lazard launches first Australian ETF

ETF

Lazard Wealth Management has introduced its first Australian market ETF based on its established Global Listed Infrastructure Fund.

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financial advice, Regulation

Call to change GST rebates for advice

GST SMSF Association Advice fees Rebate

A legal revision is being sought to allow super funds and platforms to continue the practice of claiming a rebate for GST charged on advice fees.

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Administration, ATO, SMSF

Avoid copycat SMSF names

ATO SMSF Name Super Fund Lookup ABN Establishment

The ATO has advised the name given to an SMSF should be sufficiently different from that of any other super fund to avoid delays in its establishment and operation.

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Superannuation

Super consultations not fit for purpose

DBA Lawyers Dan Butler superannuation consultation Division 296 tax

The consultation process for new superannuation legislation has become less thorough and inclusive, leading to the creation of poorly designed bills.

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SMSF, Superannuation

First CSLR payments made

Compensation Scheme of Last Resort CSLR First payments David Berry SMSF self-managed super fund

The Compensation Scheme of Last Resort has paid out $360,000 in its first batch of payments, with one of the first cases settled relating to inappropriate SMSF advice.

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ETFs, Investments

BlackRock releases emerging markets ETF

Blackrock Emerging markets ETF iShares MSCI Emerging Markets ex China ETF

Investors will soon have the ability to access emerging markets without the risk of over-allocating to Chinese equities, with a new ETF offering that opportunity set to debut by the end of the month.

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ATO, Compliance, Crypto Assets, SMSF

ATO monitoring crypto tax reporting

ATO SMSF Annual return Cryptocurrency

The ATO is conducting a data-matching project to ensure SMSFs and investors accurately report cryptocurrency sales in their annual returns.

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Compliance, SMSF

Barrier low to close unused funds

SMSF Wind-up Heffron Lyn Formica

SMSF trustees who have not actually used their fund can wind it up via a simple process, but will be questioned if they wish to start a new one in the future.

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Contributions, Superannuation

Mortgage debt shouldn’t rule out contributions

Mortgage Concession contribution Superannuation HLB Mann Judd

Paying off a mortgage should not be seen as a reason for not making additional concessional contributions towards superannuation.

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Legislation, LRBA, SMSFA, Tax

SMSFA staunchly defends LRBAs

SMSF LRBA Division 296 tax SMSF Association Greens

The ability for SMSFs to use limited recourse borrowing arrangements has been defended amid renewed calls from some politicians to ban them.

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