News

Documentation, Estate Planning

Trustee registration only needed once

There is no need to lodge additional notifications with regulatory bodies when an existing SMSF trustee also acts as an LPR upon a member’s death.

There is no need to lodge additional notifications with regulatory bodies when an existing SMSF trustee also acts as an LPR upon a member’s death.

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NALI/NALE, Property

Guarantees may breach NALI

SMSF trustees giving guarantees for obligations owed by their fund may find this gives them an advantage and thus breaches the NALI provisions.

SMSF trustees giving guarantees for obligations owed by their fund may find this gives them an advantage and thus breaches the NALI provisions.

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Compliance, Regulation

ACTU calls out regulators

The ACTU has stated financial services regulators should have done a better job in the wake of two significant product collapses.

The ACTU has stated financial services regulators should have done a better job in the wake of two significant product collapses.

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Investments

Active performance costs questioned

New analysis has indicated few fund managers generate performance that is worth the price they charge over long and short periods.

New analysis has indicated few fund managers generate performance that is worth the price they charge over long and short periods.

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SMSF, Superannuation, SuperStream

Rollovers processed slower than required

The average processing time for a rollover request from a public offer fund to an SMSF is exceeding the timeframe set by the super rules.

The average processing time for a rollover request from a public offer fund to an SMSF is exceeding the timeframe set by the super rules.

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Division 296, Superannuation, Tax

Division 296 more difficult to calculate

The government’s promise to revise the Division 296 tax will make much more of it difficult to calculate and implement.

The government’s promise to revise the Division 296 tax will make much more of it difficult to calculate and implement.

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financial advice, Financial Planning, Regulation

CPA Australia slams CSLR levy hike

CPA Australia has communicated its concerns over the notable increase in the 2026/27 CSLR levy and what it means for the financial advice sector.

CPA Australia has communicated its concerns over the notable increase in the 2026/27 CSLR levy and what it means for the financial advice sector.

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financial advice, Financial Planning, Platforms, Technology

Hub24 to launch advice ecosystem

Hub24 will release a new desktop ecosystem encompassing its suite of products, as well as those from other firms.

Hub24 will release a new desktop ecosystem encompassing its suite of products, as well as those from other firms.

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Compliance, financial advice, Financial Planning, Legislation, Management, Regulation

SMSF Association demands CSLR overhaul

The SMSF Association has said the Compensation Scheme of Last Resort needs an immediate overhaul as the current system is unsustainable.

The SMSF Association has recommended an immediate overhaul to the Compensation Scheme of Last Resort as the current system is unsustainable.

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ATO, Auditing, Compliance, Legislation, Regulation

Responses not indicative of ACR actions

All auditor contravention reports received by the ATO are examined and actioned but the regulator is limited as to the feedback it provides.

All auditor contravention reports received by the ATO are examined and actioned but the regulator is limited as to the feedback it provides.

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