News

Fixed income app expands to SMSFs

November 9, 2023

Blossom fixed income investment app SMSF

A fixed income investment firm that provides access to its fund via a mobile app has expanded its focus to include SMSF investors.

read more

ETFs, Investments

VanEck adds three new hedged ETFs

November 9, 2023

Todd Wills

Global ETF provider VanEck has listed three of its international equity funds as Australian dollar hedged versions following demand from advisers and investors.

Tax on unrealised gains not new

Treasury unrealised capital gains $3 million superannuation earnings tax

November 8, 2023

Darin Tyson-Chan

Treasury has stipulated the taxing of unrealised capital gains is not unique to the proposed earnings tax on individual superannuation balances over $3 million.

ATO changes agent linking system

ATO online services Client-to-agent linking

November 8, 2023

Todd Wills

The ATO has added an extra security step to its reporting platform for businesses, requiring SMSF trustees to follow it when appointing or changing agents to act on their behalf.

read more

Administration, SMSF, SuperStream

SuperStream reducing rollover barriers

November 8, 2023

Jason Spits

SuperStream has made smaller rollovers more cost-effective, but the process still provides little feedback on what is taking place and potential problems that may occur.

read more

financial advice, Superannuation

Super awareness high, but advice needed

superannuation awareness financial advice MLC

November 8, 2023

Jason Spits

Australians are generally aware of the role of superannuation, with some making additional contributions, but still want help to deal with unexpected change.

read more

Compliance, Legislation, NALI/NALE, Tax

NALE bill doesn’t extend amnesty

NALE ATO Non-arm's length expenditure PCG 2020/5

November 7, 2023

Darin Tyson-Chan

SMSF trustees cannot rely on PCG 2020/5 from 1 July 2023 to avoid a severe tax penalty should they incur non-arm’s-length general expenses.

read more

ATO, Death benefits

ATO confirms member benefit stance

ATO private binding ruling death benefit

November 7, 2023

Jason Spits

The ATO has demonstrated it will view a trustee’s awareness of the death of a super fund member as important when deciding how to define benefit payments around the time of their passing.