News

Retirement, Superannuation

Better outcomes from super engagement

Financial Services Council research has found proactive superannuation investing results in better outcomes when Australians retire.

Financial Services Council research has found proactive superannuation investing results in better outcomes when Australians retire.

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Division 296, SMSF, Tax, Trusts

Div 296 represented concerning precedent

The introduction of the Division 296 provisions was perhaps a warning sign more questionable amendments to the tax framework were on the way.

The introduction of the Division 296 provisions was perhaps a warning sign more questionable amendments to the tax framework were on the way.

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Budget, Legislation, LRBA, Strategy

LRBA ban has no sound basis

Criticism of the LRBA ban on the purchase of residential property has continued, directed at both the decision methodology and the process involved.

Criticism of the LRBA ban on the purchase of residential property has continued, directed at both the decision methodology and the process involved.

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Budget, Legislation, LRBA

Criticism increases over gearing move

Concerns about government plans to ban residential property LRBAs have continued to grow, given the move will do little to fix housing affordability.

Concerns about government plans to ban residential property LRBAs have continued to grow, given the move will do little to fix housing affordability.

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Compliance, Payday Super, SuperStream

ESA change needs prompt action

SMSFs switching ESAs should act in the coming days to ensure they are not caught out by delays that lead to contribution issues under Payday Super.

SMSFs switching ESAs should act in the coming days to ensure they are not caught out by delays that lead to contribution issues under Payday Super.

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Budget, CGT, Legislation

CGT amendment needs clarification

More information is needed to determine how the maximum net asset value component of the changed small business CGT rules will operate.

More information is needed to determine how the maximum net asset value component of the changed small business CGT rules will operate.

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LRBA, SMSFA

LRBA banning causes alarm

The SMSF Association is highly concerned by the government's announcement of a ban on LRBAs used to acquire residential property.

The SMSF Association is highly concerned by the government’s announcement of a ban on LRBAs used to acquire residential property.

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ATO, Contributions

ATO information sometimes incomplete

An anomaly in the way the ATO communicates an individual’s contribution history must be considered when using the carry-forward rules.

An anomaly in the way the ATO communicates an individual’s contribution history must be considered when using the carry-forward rules.

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Auditing

Beware of AI fluency hiding errors

The skill of AI in presenting information may mask errors it has made and should not be relied upon as a complete solution in the SMSF audit process.

The skill of AI in presenting information may mask errors it has made and should not be relied upon as a complete solution in the SMSF audit process.

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Investments

New specialist investment platform launched

A new platform providing access to specialist debt and equity investment strategies has been launched by a mutual friendly society.

A new platform providing access to specialist debt and equity investment strategies has been launched by a mutual friendly society.

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