News

financial advice, Financial Planning

Minor CSLR reduction disappointing

CSLR, levy estimate, Compensation Scheme of Last Resort, SMSF Association, Financial Advice Association Australia, $20 million cap, Peter Burgess, funding model, review, Sarah Abood, Shield, First Guardian

The minor reduction in costs borne by advisers under the Compensation Scheme of Last Resort will not help the advice sector, which is waiting for changes to the funding model.

read more
Retirement, Superannuation

Super valued, but early access a concern

Chris Grice, contribution rules, early access, financial security, Misha Schubert, National Seniors Australia, retirement plans, Super Members Council, superannuation, valued

The role of superannuation is highly valued by consumers, but many see early access as undermining its purposes and outcomes.

read more
ASIC, financial advice, SMSFA, Superannuation

SMSFA backs ASIC super warning

The SMSF Association has supported ASIC’s warning for people to be on high alert for cold callers encouraging them to switch their super.

read more
Platforms, Valuations

Legacy pension valuation not simple

The value of a legacy pension to be commuted cannot be determined simply by the records produced by administration software systems.

read more
ATO, Compliance, Investments, SMSF

Don’t classify gold, diamonds as collectibles

Gold and diamonds have never been considered collectible or personal-use assets and SMSFs should only classify them as physical assets.

read more
ASIC, financial advice, Financial Planning

ASIC levy to fall by over $500

The ASIC adviser levy is estimated to decrease by more than $500 as the regulator reduces the costs it will recover from the sector.

read more
Division 296, SMSF, Tax, Valuations

Asset valuations unchanged for Div 296

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, asset valuation, Division 296, SIS Regulation 8.02B, market value, Accurium, Mark Ellem, total super balance, valuation guidelines

The asset valuation rules currently applicable to SMSFs will remain unchanged after the Division 296 tax is implemented.

read more
Property, SMSF, Trusts

13.22C trust utility overrides its complexity

self managed super, self managed super fund, self managed super funds, self managed superannuation, SMSF, 13.22C unit trust, restrictions, ownership of assets, BT, Bryan Ashenden, property, investment

While 13.22C trusts are complex, their use inside an SMSF can provide trustees with more flexibility around the use of underlying assets.

read more
ASIC, financial advice

First Guardian sanctions continue

ASIC, Australian Securities and Investments Commission, David Anderson, Simon Selimaj, Falcon Capital Limited, First Guardian Master Trust, Federal Court, travel ban, asset frozen

The directors of Falcon Capital, David Anderson and Simon Selimaj, have been issued travel restraint orders effective until 27 February 2026.

read more
Estate Planning, financial advice

New digital estate planning service launches

fintech, Yodal, tele-estate planning, concierge service, financial advice, estate plan, digital estate planning, Steve Judd, Ian Tindale

Fintech Yodal’s new tele-estate planning concierge will help advisers deliver estate planning services at scale.

read more

Copyright © SMS Magazine 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.