News

SMSF body prepared to participate in royal commission

January 31, 2018

The SMSF Association will make submissions to the banking royal commission if requested despite the sector’s exclusion from the inquiry’s terms of reference.

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Investments

Outlook positive for global real estate

January 31, 2018

Krystine Lumanta

The global real estate asset class delivered modestly positive returns in 2017 and similar results are expected for the next 12 months.

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Business News

XTB portfolios achieve outperformance

January 30, 2018

Krystine Lumanta

Australian Securities Exchange-traded corporate bond investment provider XTB has reported considerable outperformance for its fixed-rate portfolios when compared against the credit index and comparative bond exchange-traded fund (ETF) market in 2017.

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Practice Management

Ways to remove a member from an SMSF

January 30, 2018

Gary Chau

Removing a member from an SMSF is not a simple process, particularly where there is a dispute or some animosity among members.

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Cryptocurrency

SMSFs cautioned on bitcoin hype

January 30, 2018

Malavika Santhebennur

SMSFs and other retail investors that have been disappointed with the low returns on their cash investments are looking to cryptocurrencies, but the area is riddled with risks, according to HLB Mann Judd.

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Accounting

Accountants to feel education standards pinch

January 29, 2018

Malavika Santhebennur

Accountants wishing to continue to advise on SMSFs will bear the brunt of the new education standards as much as financial planners, but this is flying under the radar, an industry executive has warned.

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ATO

CGT scenarios uninfluenced by extension

January 29, 2018

Krystine Lumanta

The ATO’s extension for SMSF annual returns will not have a huge impact on trustees with highly complex capital gains tax (CGT) relief issues, according to a technical expert.

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Insurance

HLB Mann Judd unveils new insurance business

January 29, 2018

Malavika Santhebennur

HLB Mann Judd Sydney has launched a new insurance business, HLB Insurance Services, in a joint venture with risk specialist practice MBS Insurance.

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Accounting

Downsizer contributions attract some interest

January 25, 2018

Darin Tyson-Chan

A mid-tier accounting firm has already experienced some interest in the use of the downsizer contribution provisions contained in the 2017 federal budget.

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Compliance

Take BDBNs seriously to avoid breach

January 25, 2018

Malavika Santhebennur

Treating binding death benefit nominations (BDBN) as a mere formality when commencing a superannuation account can lead to financial services licensees cutting corners, but this is not an endemic issue in the industry, according to a legal expert.

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