News

Downsizer, Pensions

Surplus proceeds a pension threat

Downsizer Aged pension AAT asset pension test

A recent AAT case has highlighted the need for retirees to use the full proceeds of a home sale to buy another home to avoid surplus funds impacting pension entitlements.

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ETFs, Investments

Betashares adds cash-flow ETF

Betashares Cash-flow ETF

Betashares will expand its ETF line-up with the introduction of a new fund that tracks companies known for their robust cash flow.

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ATO, Superannuation

ATO tracking early access damage

ATO SMSF illegal early access

The ATO has commenced a new program tracking the impact of illegal early access from SMSFs in an effort to identify those most likely to engage in the practice.

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SMSF, Trusts

Dual trustees an unnecessary risk

SMSF corporate trustee Accurium

Administering an SMSF with a trustee and a trustee company could potentially expose the fund’s assets should the company encounter legal or regulatory issues.

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ASIC, financial advice

Adviser levy tipped to be reduced

ASIC financial adviser levy FAAA Sarah Abood

The financial adviser levy imposed by ASIC is anticipated to be less than what was previously estimated for the 2023 financial year.

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Fixed Income, Investments

Fixed income app expands to SMSFs

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.

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ETFs, Investments

VanEck adds three new hedged ETFs

VanEck ETF Currency hedged

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

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Accounting, Compliance, Legislation, Tax

Tax on unrealised gains not new

Treasury unrealised capital gains $3 million superannuation earnings tax

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

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Administration, ATO, Compliance, SMSF, SMSFA

ATO changes agent linking system

ATO online services Client-to-agent linking

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.

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Administration, SMSF, SuperStream

SuperStream reducing rollover barriers

SuperStream SMSF rollover

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.

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