News

Investments

Investing outside SMSF should be considered

Advisers and accountants should examine whether their SMSF clients are suitable for investment vehicles outside of the retirement savings system in light of the superannuation reforms, according to the director of a major accounting firm.

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Business News

Charter Hall fund added to BT platforms

Charter Hall has announced its Direct PFA Fund has been added to BT Panorama and BT Wrap Platform, giving SMSF investors access to high quality office buildings across Australia.

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Compliance

ASIC increases ICO scrutiny

The Australian Securities and Investments Commission (ASIC) is focusing its compliance activity on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICO).

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Business News

SMSFs should anticipate effect of LRBA changes

New measures governing limited recourse borrowing arrangements (LRBA) entered into on or after 1 July mean borrowing and many other aspects of running an SMSF may become more complicated prompting a call for trustee action now from an industry lawyer.

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Business News

Family SMSFs discussion needs reigniting

A row of shoes from a family along a wall

Advisers should view the move to expand the limit on the maximum number of members in an SMSF as a chance to talk about the family SMSF fund structure with clients, according to a sector specialist.

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Investments

SMSFs fixed income ESG demands met

Australian provider of Australian Securities Exchange (ASX)-traded corporate bonds XTB has launched a new fixed income portfolio of environmental, social and governance (ESG)-approved in response to growing demand from SMSFs for ethical investments.

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Auditing

ASIC cancels over 100 auditor registrations

The Australian Securities and Investments Commission (ASIC) has cancelled the registration of 117 approved SMSF auditors who failed to lodge their annual statements.

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Business News

Complaints authority takes shape

The government has today announced the new one-stop shop for financial complaints is now being solidified and will soon commence providing consumers and small businesses with access to free, fast and binding dispute resolution.

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Business News

Retiree spending drops faster than predicted

The latest analysis into retirement trends has revealed the financial services industry may have underestimated the dramatic falloff in retiree spending as they age.

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Business News

O’Dwyer calls for repair of trust

A stamp with red stars

The findings of the banking royal commission so far has proven the need for banks and institutions to win back trust between consumers and the financial services sector, Minister for Revenue and Financial Services Kelly O’Dwyer has said.

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