News

Auditing

ATO to identify auditors who report contraventions

auditor contravention reporting

New laws to protect whistleblowers will actually identify auditors who flag problems with an SMSF to the trustees of the fund, the ATO has warned.

read more
ATO, Regulation

Auditor numbers misuse a red flag for ATO

SMSF auditor number misuse

The ATO has found nearly 1500 instances of potential fraud linked to the use of SMSF auditor numbers included with annual returns for the 2017 financial year.

read more
ATO

ATO acts on SMSFs with outstanding annual returns

smsf annual tax return

SMSFs that have failed to lodge an annual return or have been involved in illegal early-release efforts have been blocked by the ATO and will not be able to receive funds.

read more
Accounting

Rollover recourse important to know

SMSF rollover problems

Knowledge about recourse action in the event of delayed SMSF rollover requests is an area where advisers can add value for their clients.

read more
Platforms

BT enhances SMSF reporting on Panorama

BT Panorama SMSF reporting

BT has made a number of changes to its flagship investment platform, Panorama, including an enhanced SMSF reporting dashboard.

read more
Superannuation

SMSF establishments to rise again

SMSF establishments rise

After suffering a slight decline in recent years, SMSF establishments look to be on the rise again, according to the latest research into the sector.

read more
ATO, Retirement

Basis for ATO TRIS guidance questioned

TRIS in retirement phase

A recent note from the ATO on how it views a TRIS in retirement phase has been questioned by a lawyer who believes the legal basis for it is unclear.

read more
Administration, Documentation

EPOAs may save trustees future trouble

SMSF enduring power of attorney

Trustees who do not grant an enduring power of attorney while they have the capacity to do so may place their SMSF at risk of being non-compliant in the future, an SMSF expert says.

read more
ASIC, Regulation

ASIC acts on licensees outside dispute scheme

financial services complaints scheme

ASIC has moved to ensure financial services providers are covered by the industry dispute resolution scheme, prompting 50 firms to sign up to AFCA.

read more
Financial Planning

SMSF unmet advice needs grow

financial advice needs SMSFs

The unmet financial advice needs for SMSFs are varied and growing, with the majority of funds reluctant to seek advice on their unmet needs.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.