News

Financial Planning, Platforms, Regulation

Franking credit plan to bring platform complexity

Advisers managing SMSF clients on platforms will need to consider the tax positioning of the platforms to assess the level of refunds clients can receive on their franking credits should Labor’s proposal become policy, a consultant has said.

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Infrastructure, Investments

Unlisted infrastructure fund gains SMSF flows

The lower entry point for a diversified unlisted infrastructure offering has captured increased attention from SMSF investors, as many begin to diversify their portfolios into the asset class, Infrastructure Partners Investment Fund Management (IPIFM) has said.

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ASIC, Regulation

EUs effective in deterring misconduct: study

New research has revealed financial services and credit providers fear being sanctioned by enforceable undertakings (EU) and find it a deterrent despite speculation that the regulatory contracts are ineffective.

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ASIC

Poor SMSF advice sees AFSL cancelled

The Australian Securities and Investments Commission (ASIC) will cancel the Australian financial services licence (AFSL) of Austplan for failing to act in clients’ best interest in establishing SMSFs, among other deficiencies.

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Administration, Business News

New leadership at Class for next growth phase

SMSF administration software provider Class has announced its chief executive, Kevin Bungard, will step down from his role by mutual agreement with the board.

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Administration, ATO, Regulation

TBAR just the start of SMSF automation journey

SMSF practitioners must acknowledge the inevitability of the transfer balance account report (TBAR) regime moving to full, automated online reporting for the sector and what this will mean for their businesses.

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Practice Management

Service providers should flip perspective

SMSF service providers need to take a different view on how they service customers from the common approach of using product as the starting point, according to a research executive.

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LICs, Portfolio Construction

Fund managers join hands for charitable LIC

Australian fund managers have come together to announce the opening of an initial public offering (IPO) for a new listed investment company (LIC) that offers investors global stocks and supports medical research institutes.

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ATO, Strategy

ATO reserves position contrary to law

The ATO’s current stance on the elimination of some existing reserves runs contrary to the law and may result in SMSF trustees having to set up an accumulation account to ensure compliance in this area, a technical expert has said.

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Education, ETFs

Vanguard launches global ETF research centre

Vanguard has established a dedicated research centre and team to address critical global exchange-traded fund (ETF) issues and to produce topical and insightful perspectives to investors, regulators and influencers.

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