News

Administration, Auditing, Regulation

Time runs out on three-year audit reform

SuperConcepts has suggested the government has run out of time to pass the controversial three-year audit cycle reform.

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Accounting, ASIC, Property

ASIC accepts EU from SMSF accountant

ASIC has accepted an EU from an SMSF accountant who received referrals from a property group in relation to setting up SMSFs.

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ASIC, Regulation

ASIC sets up new enforcement arm following RC

ASIC has created a separate enforcement division as part of its response to the recommendations of the banking royal commission.

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ATO, Retirement, Superannuation

ATO stresses commutation authority strictness

Commutation authorities must be actioned in a specific manner to avoid any associated adverse consequences, the ATO has said.

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Investments, Platforms

Macquarie joins OpenInvest platform

Macquarie Investment Management (MIM) has been added to the OpenInvest platform, joining six other investment managers on the fledgling service.

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Documentation, Estate Planning, Financial Planning

SMSF expert to launch automated document service

A new automated document creation service built by I Love SMSF founder Grant Abbott will hit the market at the end of February.

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Administration, Business News

Class appoints new CEO

Class has appointed former Mortgage Choice chief executive Andrew Russell as its new CEO.

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Documentation, Pensions

SMSF Alliance launches adviser toolbox

A toolbox aimed at helping advisers provide strategic advice for their SMSF clients through the use of different algorithms has been launched.

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ASIC, Regulation

ASIC appeals best interest duty court decision

ASIC will return to the Federal Court to lodge an appeal regarding a test case around the provision of personal advice.

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ASIC, Property

Court restrains property spruiker from operating

An unlicensed financial services organisation and its sole director have been restrained from their business activities.

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