News

DomaCom secures $100m in lending

June 4, 2018

A number of private lenders have joined forces to provide the DomaCom Fund access to an initial lending line of $100 million, which will allow the fractional property investment company to acquire up to $250 million in property.

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ATO

Tax and the proportioning rule

June 4, 2018

Gary Chau

A common query we receive is: How does the proportioning rule apply and how do you calculate the tax-free and taxable components in a superannuation benefit? This article aims to assist you in understanding the fundamentals of this rule.

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Retirement

Defining financial security

May 31, 2018

Paul Murphy

For many SMSF investors, the drive to control investment for their retirement years is fuelled by the ultimate desire to control their attainment of ‘financial security’ in retirement, rather than leave it in someone else’s hands.

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Business News

ASIC provides AFCA disclosure relief

May 31, 2018

Krystine Lumanta

The Australian Securities and Investments Commission (ASIC) has announced it will give financial firms, including super trustees, transitional relief until 1 July 2019 to allow for the updating of mandatory disclosure documents and periodic statements with the contact details of the Australian Financial Complaints Authority (AFCA).

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ETFs

ETP demand benefits global equities fund

May 31, 2018

Krystine Lumanta

Boutique equity manager Montgomery Investment Management is riding the wave of popularity for global exchange-traded products (ETP), particularly as SMSFs continue to fuel exchange-traded fund (ETF) growth.

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Regulation

Uptick in trustee regulation questions

May 31, 2018

Malavika Santhebennur

Online broking company Bell Direct is increasingly fielding queries from SMSF trustees on contribution limits, changing regulation and balance caps as they look to manage their administration.

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Regulation

PC view of SMSFs too simplistic

May 31, 2018

Darin Tyson-Chan

The SMSF Association has labelled the Productivity Commission’s assessment of self-managed funds with balances below $1 million and those with very small asset bases as too simplistic and will be engaging with the government body on this issue as part of the next stage of the consultation process.

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ATO

SMSFs must heed ATO reserves advice

May 30, 2018

Julie Steed

The ATO has recently outlined its concerns with the use of reserves in SMSFs, making it clear it expects them to use reserves only in limited circumstances and for legitimate purposes, as set out in section 115 of the Superannuation Industry (Supervision) Act 1993.

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Business News

Baby boomers biggest users of advice

May 30, 2018

Krystine Lumanta

Baby boomers account for 39.9 per cent of the total customers who purchase wealth management products from a professional adviser, new research from Roy Morgan has revealed.

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Superannuation

Best-in-show super funds list welcomed

May 30, 2018

Krystine Lumanta

The Productivity Commission’s draft recommendation for a “best-in-show” shortlist of super funds has been commended as a measure that should help improve the efficiency and performance of the superannuation system.

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