News

ASIC, Auditing

ASIC disqualifies two SMSF auditors

The Australian Securities and Investments Commission (ASIC) has disqualified two Queensland SMSF auditors for breaching independence requirements.

read more
Financial Planning, Tax

Number of tax advisers increases

The Tax Practitioners Board (TPB) has revealed the registered tax practitioner population and public searches for registered tax agents are on the rise.

read more
Education, Investments

Lack of education thwarts exposure abroad

The majority of Australian fund professionals believe in the importance of Australian investors increasing their exposure to overseas investments, but believe a lack of education is holding them back.

read more
ASIC, Auditing

ASIC reports on SMSF auditor enforcements

The Australian Securities and Investments Commission (ASIC) has deregistered, suspended or imposed conditions on 101 SMSF auditors for audit quality and independence issues or on “fit and proper person” criteria since the auditor register began in 2013.

read more
Accounting, Business News

CAANZ partners with innovation hubs

Chartered Accountants Australia and New Zealand (CAANZ) has unveiled a strategic program to partner with innovation hubs to enable accountants to keep pace with innovation and technology.

read more
Markets, Superannuation

Stay the course amid volatility: ASFA

Superannuation members who switch to conservative investment options in the face of falling share markets can end up worse off in the long term, the super industry peak body has warned.

read more
Financial Planning, Platforms, Regulation

Franking credit plan to bring platform complexity

Advisers managing SMSF clients on platforms will need to consider the tax positioning of the platforms to assess the level of refunds clients can receive on their franking credits should Labor’s proposal become policy, a consultant has said.

read more
Infrastructure, Investments

Unlisted infrastructure fund gains SMSF flows

The lower entry point for a diversified unlisted infrastructure offering has captured increased attention from SMSF investors, as many begin to diversify their portfolios into the asset class, Infrastructure Partners Investment Fund Management (IPIFM) has said.

read more
ASIC, Regulation

EUs effective in deterring misconduct: study

New research has revealed financial services and credit providers fear being sanctioned by enforceable undertakings (EU) and find it a deterrent despite speculation that the regulatory contracts are ineffective.

read more
ASIC

Poor SMSF advice sees AFSL cancelled

The Australian Securities and Investments Commission (ASIC) will cancel the Australian financial services licence (AFSL) of Austplan for failing to act in clients’ best interest in establishing SMSFs, among other deficiencies.

read more

Copyright © SMS Magazine 2024

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.