News

Accounting, financial advice, Financial Planning, SMSF

AML changes capture accountants

SMSF advice, Anti-Money Laundering/Counter Terrorism Funding , AML/CTF, accountants, SMSF Association, Keddie Waller, designated services, SMSF set-up, registered post office, AUSTRAC

Changes to anti-money laundering laws will capture SMSF advice provided by accountants, who have been left with limited time to comply with the new measures.

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financial advice, Financial Planning

FAAA calls for fixing of CSLR flaws

FAAA, CSLR, post-implementation review, Financial Advice Association of Australia, Compensation Scheme of Last Resort, personal advice, general advice, wholesale client advice, special levy, sector cap, $10 million

The FAAA has made several key recommendations to improve the CSLR in its submission regarding the post-implementation review of the measure.

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ATO, Compliance, Documentation

Annual returns key to sector integrity

ATO, Rosenzweig, SMSF Annual Returns, SMSF Association National Conference 2025,

The ATO has shed light on the critical role the lodgement of SMSF annual returns plays in its monitoring of sector integrity.

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Contributions, Tax

Cap breach can improve tax components

SMSF members can enjoy an unexpected benefit with regard to the taxable component of their benefits subsequent to making a contribution in error.

SMSF members can enjoy an unexpected benefit with regard to the taxable component of their benefits subsequent to making a contribution in error.

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ATO, Pensions

TR 2013/5 relief not a free kick

ATO, compliance resources, SMSF, minimum pension payment, Heffron, Leigh Mansell, Taxation Ruling 2013/5, TR 2013/5, payment standards

The ATO’s plans to not review minimum pension payment breaches in the past year should not be viewed as a free kick in regards to other contraventions.

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ASIC

Super rollover firms have assets frozen

Two firms linked to a company that used telemarketers to promote rollovers to SMSFs have had their assets frozen as ASIC investigates their actions.

Two firms linked to a company that used telemarketers to promote rollovers to SMSFs have had their assets frozen as ASIC investigates their actions.

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Pensions

TBC increase not just about pensions

Indexation, general transfer balance cap, superannuation, BT, Michael Tran, total super balance, TSB, co-contributions, spouse contribution, tax offset average weekly ordinary time earnings, AWOTE

The indexation that will be applied to the general transfer balance cap, taking it to $2 million, will also have other non-pension implications.

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Cryptocurrency, ETFs, Investments

Advised funds have more diverse portfolios

SMSF, diversified portfolio, Ausiex, ETF, listed investment companies, listed investment trusts, real estate investment trusts, REITS, Brett Grant, cryptocurrency

New analysis shows advised SMSF investors have a wider variation in portfolio holdings and asset allocation compared with non-advised funds.

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Pensions

Smarter SMSF opens legacy pension hub

Smarter SMSF, legacy pensions, Legacy Pension Hub, commutation, market-linked pensions, lifetime complying pensions, life expectancy complying pensions, reserve allocations, Aaron Dunn, SMSF deed, Tim Miller, market-linked pension, lifetime complying pension, life expectancy complying pension

Smarter SMSF has developed a hub for resources to assist in the commutation of legacy pensions, linking it to the platforms of major administrators.

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Investments

Real estate trusts overlooked

SMSF, real estate investment trusts, REIT, LaSalle Investment Management Securities, Matthew Sgrizzi, income return, interest rates

Real estate investment trusts have been overlooked due to the noise generated by a handful of technology stocks, but the sector is primed for a strong period of returns.

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