News

ATO

Warning issued on tax deduction timing

Road sign with the word "Caution" on it.

Advisers need to be mindful of when they claim tax deductions on expenses incurred by SMSFs in light of total super balance (TSB) restrictions imposed by the 2016 budget super reforms.

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ATO

Window for CGT relief choice still open

Sand running through the bulbs of an hourglass

It is not too late for SMSF trustees who have already lodged their 2017 tax returns to make a choice or an election in relation to capital gains tax (CGT) relief, but only in particular circumstances, according to DBA Lawyers.

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Regulation

ATO to handle early super release

The federal government has announced the early release of superannuation on compassionate grounds will be transferred to the ATO from 1 July.

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Auditing

SISFA establishes new auditor membership

The Self-managed Independent Superannuation Funds Association (SISFA) has responded to the federal budget proposal for three-year SMSF audits by creating an entirely new class of membership to represent the interests of specialist SMSF auditors.

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Business News

PPM expands equities portfolio access

Sydney-based boutique investment firm Private Portfolio Managers (PPM) has announced its separately managed account model Australian equities and global equities portfolios are now available on multiple platforms.

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Business News

Licensees warned on ex-Dover advisers

The Australian Securities and Investments Commission (ASIC) has issued a warning to all licensees that may seek to authorise ex-Dover advisers after it announced on Friday the financial advice firm will shut down.

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Superannuation

SMSF exit strategies

We all know SMSFs are the fastest-growing sector of the super industry and this trend is likely to continue.

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Business News

Hub24 launches portfolio management tool

Adviser platform Hub24 has introduced a portfolio management tool that allows portfolio managers to adjust their managed portfolios to respond to market conditions.

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ATO

Looming 30 June deadline raises issues

SMSF trustees and advisers must be cognisant of several issues this year when lodging their 2016/17 annual returns, the SMSF Association has warned.

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Superannuation

Lump sum payments jump: report

The latest industry survey has found a reverse trend occurring in the first quarter of the year, with a spike in the allocation of lump sum payments versus pension payments as a result of the new super changes.

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