News

Time is up for vertical integration

June 6, 2018

The tortuous unravelling of how the big institutions have ripped off their clients by charging them fees for services they would not or could not provide simply highlighted – yet again – why we needed the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

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Strategy

SMSFs understand need for diversification

June 5, 2018

Malavika Santhebennur

The majority of SMSF trustees understand the importance of portfolio diversification, contrary to popular belief, however, many still find it difficult to execute, according to new research.

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Auditing

Audit value reaches tipping point

June 5, 2018

Krystine Lumanta

The triennial audit proposal for clean SMSFs combined with continuing fee pressures has created an opportune period to educate trustees on the value and importance of the audit function.

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ETFs

BetaShares unveils corporate bond ETF

June 5, 2018

Malavika Santhebennur

BetaShares has launched the BetaShares Australian Investment Grade Corporate Bond (CRED) exchange-traded fund (ETF) today to simplify access to the $1 trillion Australian corporate bond market.

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Regulation

The new SG opt-out rules for high earners

June 5, 2018

There is one budget announcement that has received very little publicity – probably because it’s not controversial and is, in fact, just good old common sense.

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Accounting

Accountants still worried about advice

June 4, 2018

Malavika Santhebennur

Accountants remain concerned about how they are going to execute their SMSF business in light of the new advice education standards and the limited licensing regime, according to AccountantsIQ.

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ATO

Market-linked pension commutations unclear

June 4, 2018

Darin Tyson-Chan

The SMSF Association is seeking clarity from the ATO over its position regarding the treatment of market-linked pension commutations on an individual’s transfer balance account.

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Retirement

Retirement investment implementation crucial

June 4, 2018

Krystine Lumanta

Greater attention must be given to the implementation challenges retirees face as the industry works to close the gap on developing better-tailored products and improving the education for this life-cycle stage.

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Business News

DomaCom secures $100m in lending

June 4, 2018

Krystine Lumanta

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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