News

SMSF specialisation should follow base education

July 9, 2018

The financial advice industry has thus far been indifferent towards specialisations such as SMSF accreditation, but there is an opportunity for reform in light of the proposed new education standards.

read more

Accounting, Compliance

Accounting body calls for exemption reversal

July 9, 2018

Krystine Lumanta

Tax & Super Australia is gravely concerned about the mounting negative effects of the Australian financial services licensing regime on accountants and wants the exemption to be reinstated.

read more

ATO

Actuary clarifies ECPI certificate requirement

July 9, 2018

Malavika Santhebennur

SMSFs will not need more than one actuarial certificate to claim exempt current pension income (ECPI) when they switch between using the segregated and unsegregated asset method at different times during a financial year, actuarial certificate provider Accurium has said.

read more

Auditing, Regulation

Audit paper, consultation period welcomed

July 9, 2018

Krystine Lumanta

The SMSF Association is pleased with Treasury’s decision to address initial industry concerns and provide an eight-week feedback period for its discussion paper on the proposed three-yearly audit cycle for some SMSFs as the next steps for the policy are crucial.

read more

Accounting, Practice Management

SMSF tech costs to plummet 70 pct: Mclowd

July 9, 2018

Malavika Santhebennur

SMSF practitioners and trustees will experience a 70 per cent reduction in their accounting software technology costs over the next three years, according to accounting and SMSF software provider Mclowd.

Baby boomers must be on top of property research

July 9, 2018

Krystine Lumanta

A new report has outlined issues baby boomers heading into retirement need to be aware of when looking for solid investment properties.

read more

Auditing, Compliance, Regulation

Triennial audit feedback period begins

July 9, 2018

Krystine Lumanta

Treasury has released a discussion paper to commence industry consultation on its three-year audit-cycle policy for well-run SMSFs.

Property investment options for SMSFs

July 9, 2018

Hamish Wehl

Direct property investment remains a popular investment option for SMSF investors, but it requires careful consideration before taking action. And could other property asset classes help SMSF investors achieve the same outcome, but perhaps in a better way?

read more

Administration, Auditing

Treasury releases audit discussion paper

July 6, 2018

Krystine Lumanta

Treasury has this morning revealed further details on its three-year audit cycle measure for well-run SMSFs via a discussion paper released for industry consultation.

read more

Investments, Strategy

Trustees acting on imputation ban

July 5, 2018

Krystine Lumanta

Some SMSFs have assumed the Labor Party’s policy on banning excess imputation credit funds is already legislation, highlighting the need for advisers to ensure their clients understand the latest announcements affecting super.

read more