News

Contributions, Superannuation

Don’t rush into bring-forward contributions

self managed superannuation, self managed super, SMSF, bring-forward contributions, bring-forward non-concessional contributions, low-income, three-year bring-forward, non-concessional contribution, NCC, MLC, Scott Quinn, spouse contribution, government co-contribution

Advisers should not rush to use bring-forward non-concessional contributions without first examining how a client can maximise other contributions in the current and future years.

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Business News, Investments, Platforms

Ausiex to acquire FIIG

Share trading platform Ausiex will purchase fixed-income provider FIIG by the middle of the year.

Share trading platform Ausiex will purchase fixed-income provider FIIG by the middle of the year as part of plans to expand it services and product offerings to advisers and investors.

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Retirement, SMSF, Superannuation

TRIS impact on TBC a common trap

TRIS, transfer balance cap, TBC, Accurium, Natalie Scott,

Practitioners must take note of situations where clients with a TRIS turn 65 before 30 June as the event will impact the member’s transfer balance cap.

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Contributions, Tax

Process key to catch-up contributions

MLC, Scott Quinn, tax, 

Individuals using carried forward unused portions of their concessional contributions cap must observe proper procedure or face an adverse outcome.

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Regulation, Superannuation

Smaller funds bear larger regulatory burden

Reform of the regulatory cost levies charged to APRA-regulated super fund members is needed as those in medium and smaller retirement savings vehicles pay more than those in large ones each year.

Reform of the regulatory cost levies charged to APRA-regulated super fund members is needed as those in medium and smaller retirement savings vehicles pay more than those in large ones each year.

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ETFs, Investments

Global X releases AI Infrastructure ETF

The first ETF focused on the infrastructure behind the artificial intelligence boom has been released to the Australian market by Global X.

The first ETF focused on the infrastructure behind the artificial intelligence boom has been released to the Australian market by Global X.

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financial advice, Investments, SMSF, Superannuation

Div 296 tax will impact economy

Division 296 tax, Prime Minister, Anthony Albanese, Wilson Asset Management, WAM, investment, Geoff Wilson,

More unintended consequences have been identified should the proposed Division 296 tax policy become part of the superannuation system.

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ATO, SMSF, Tax

Check entitlement with CSLR payments

SMSFs receiving a payment from the CSLR must first check whether the fund or members can receive it before deciding how to process it for tax purposes.

SMSFs receiving a payment from the CSLR must first check whether the fund or members can receive it before deciding how to process it for tax purposes.

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BDBNs, SMSF, Superannuation

Cut given provision for BDBNs

binding death benefit nomination, BDBN, Bryce Figot, DBA Lawyers,

The provision of giving a BDBN to a trustee should be scrapped from SMSF trust deeds, with one legal expert recommending drafting a new one to avoid disputes this action may create.

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ATO, SMSF, Superannuation

Merchant Part IVA appeal dismissed

The founder of Billabong has been unsuccessful in overturning a ruling he breached the Part IVA rules in regards to share acquisitions carried out by his SMSF.

The founder of Billabong has been unsuccessful in overturning a ruling he breached the Part IVA rules in regards to share acquisitions carried out by his SMSF.

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