News

Accounting

Reserves accounting needs review

SMSF reserves SMSF administration software Defined benefit scheme

Practitioners and trustees should ensure the SMSF administration software in use complies with the law with regard to the allocation of earnings.

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NALI/NALE

IFPA calls on senators to reject NALE

NALE IFPA Senate Economics Legislation Committee

IFPA has told a senate committee a bill to address NALE is excessive and should be dropped in favour of returning to a previous legislative solution.

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Accounting, Administration, ATO, Compliance, SMSF

SMSF loans still a compliance risk

SMSF loans ATO Related party transactions

The ATO has urged SMSF trustees to carefully examine any borrowing arrangements in place and verify they are in full compliance with essential regulatory requirements.

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ASIC, Compliance, Investments, Pensions

SMSF investment firm’s assets frozen

ASIC Brite advisors Asset freeze

ASIC has successfully applied to the Federal Court to freeze the assets of a company that provides SMSF investment services after it failed to provide financial statements and auditor reports.

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Estate Planning, financial advice, Pensions, SMSF

Best openings from older clients

SMSF trustees Pension Strategies Financial advice Inheritance Estate planning

Two distinct issues have been identified as areas on which advisers should concentrate in order to provide the greatest value for their SMSF clients.

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Legislation, SMSFA, Tax

Simpler tax model presented to govt

SMSF Association Superannuation earnings tax Unrealised gains Treasury $3m soft cap tax

The SMSFA has urged Treasury and the government to re-evaluate the taxation of unrealised capital gains within the $3 million soft cap tax.

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Business News, Markets, SMSF

Bluestone upgrades SMSF loan offer

Bluestone SMSF loans Liquidity

Non-bank lender Bluestone has made changes to the liquidity requirements related to loans available to SMSF lenders.

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ETFs, Investments, Management

Betashares launches ETF investment solution

ETF Betashares Direct Investment platform

Betashares has rolled out a new investment platform allowing users to trade any ETFs currently listed on the ASX without incurring brokerage fees.

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