News

ASFA censures Grattan SG stance

April 30, 2018

The Association of Superannuation Funds of Australia (ASFA) has rejected the Grattan Institute’s calls to dump the bipartisan policy of lifting the superannuation guarantee (SG) to 12 per cent.

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Business News

Royal commission claims AMP chair

April 30, 2018

Malavika Santhebennur

AMP has announced Catherine Brenner has resigned as its chair and will step down from the board effective immediately.

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Regulation

SMSF member limit may widen

April 30, 2018

Malavika Santhebennur

The federal government announced on Friday it will propose to increase the limit on the maximum number of members in an SMSF from four to six.

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Regulation

SMSF member limit increased to six

April 27, 2018

Malavika Santhebennur

The federal government has announced it will propose to increase the limit on the maximum number of members in an SMSF from four to six.

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Accounting

ASIC updates tax, BAS agents guidance

April 26, 2018

Krystine Lumanta

The Australian Securities and Investments Commission (ASIC) has updated its guidance for accountants who provide SMSF services to cover the exemption from Australian financial services licence (AFSL) requirements for tax and business activity statement (BAS) agents.

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ATO

ATO flags TSB duplication issues

April 26, 2018

Malavika Santhebennur

The ATO has released a discussion paper on a currently known issue where an individual’s total superannuation balance (TSB) has duplicated accounts, leading to higher TSBs being displayed for the member.

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Regulation

Royal commission will help lift standards

April 26, 2018

Krystine Lumanta

The banking royal commission has exposed the inadequacies of the SMSF advice industry, but should result in stronger enforcement of competency standards, an SMSF expert has said.

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Business News

Plenty Plus unveils white-label service

April 26, 2018

Krystine Lumanta

Online advice firm Plenty Plus has announced its white-label service is now available following strong interest from accountants and planners providing advice under an Australian financial services licence.

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Business News