News

Appointments

SMSF Association appoints new board member

SMSF Association; board; Hay-Bartlem

The SMSF Association has drafted a new specialist board member, the third to be appointed by the body in the past month.

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Education, FASEA

FASEA launches guidance tool for advisers

FASEA; education; tool

FASEA has released its Education Pathways Tool to provide new and existing advisers feedback on their education requirements.

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Education, FASEA

FASEA approves credit for SMSF specialist course

SMSF; FASEA; credit; specialist

SMSF advisers holding a specialist designation will be given credit towards meeting the new FASEA education standards.

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Regulation, Superannuation

Government committed to aiding SMSF sector

Jane Hume; SMSF; audit cycle

The newly returned coalition government has confirmed its commitment to helping the SMSF sector succeed but has not revealed its plans for the three year audit cycle.

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Superannuation

SMSF sector better for economy than industry funds

The rapid growth of the SMSF sector is proof of its potential to outshine industry super funds, an SMSF expert says.

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Administration, Regulation

SMSF administrator calls for SuperStream clarity

An SMSF stakeholder has called for clarity on what funds should do about the introduction of SuperStream now its implementation date has been postponed.

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Pensions, Retirement, Superannuation

Super growth reducing age pension drawdown

The growth of superannuation assets has resulted in less than half of new retirees drawing on the age pension last year, and only one-quarter accessing the full amount available to them.

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ASIC, ATO, Compliance, Regulation

Evidence needed to back SMSF review calls

SMSF; review

Calls for a review of the SMSF sector need to be backed with evidence, the SMSF Association has stated, pointing out four reviews have yet to flag major concerns.

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Education, FASEA

Document familiarity critical in FASEA exam

Advisers have recommended their peers be familiar with the location of information in the documents supplied in the FASEA exam to save time and complete the exercise.

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Property, Tax

SMSF valuers create shield against ATO penalties

SMSFs can avoid potential ATO penalties related to an incorrect valuation by using a qualified valuer familiar with these types of funds.

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