News

ATO, Tax

TPB warns against unregistered tax agents

July 3, 2019

Darin Tyson-Chan

The dangers of using an unregistered tax agent have been spelled out by the Tax Practitioners Board.

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Documentation

Incapacity definition requires caution

July 2, 2019

Darin Tyson-Chan

A senior SMSF consultant has warned setting a definition for incapacity with regard to proper super fund documentation is not a simple task and advisers should be wary of the associated complexity.

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Superannuation

Campaign launched to better define super objective

July 2, 2019

Tharshini Ashokan

SuperConcepts is spearheading a campaign encouraging Australians to contribute to defining the purpose of the superannuation system.

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LRBA, Property

Stay within safe harbour with LRBAs

July 2, 2019

Jason Spits

SMSFs should keep an eye on both the safe harbour guidelines and Division 7A to ensure loans made to the fund are not treated as contributions.

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Retirement, Strategy

New financial year should prompt strategy review

July 1, 2019

Darin Tyson-Chan

The new financial year and the changes it brings to the superannuation rules should prompt advisers and their clients to review their retirement savings strategies.

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Financial Planning

Affordable advice an increasing challenge

July 1, 2019

Darin Tyson-Chan

The ability to provide affordable advice has been revealed by the latest industry research as a growing challenge for the financial planner community.

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Investments

SMSFs less keen on blue-chip stocks

July 1, 2019

Tharshini Ashokan

SMSF investors turned away from blue-chip stocks in the 2019 financial year, focusing their attention on infrastructure and ETFs instead.

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Retirement, Strategy

Aged care skills needed to meet ethics code

July 1, 2019

Jason Spits

Financial advisers who fail to consider aged care as part of their advice offering may be in breach of ethics requirements set down by FASEA.

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Estate Planning, Tax

Death benefit lump sums restrictive

June 27, 2019

Darin Tyson-Chan

A senior superannuation consultant has warned lump sum death benefits can be restrictive when managing the financial obligations resulting from a deceased member’s affairs.

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Direct Property, LRBA

Safe harbour rate anomaly surfaces

June 27, 2019

Jason Spits

SMSFs with limited recourse borrowing arrangements may face higher interest rates under the safe harbour terms than those available in the market, a technical expert has warned.

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