Inclusion of LRBA debt for TSB amended

24-May-2018|By Krystine Lumanta

The federal government has backed down on its proposal to count outstanding limited recourse borrowing arrangement (LRBA) loan balances against an SMSF member’s total super balance by making a key amendment to the measure. The Treasury .. Read More

ASIC funding laws introduced into Parliament

24-May-2018

The federal government has today introduced the final bill for the Australian Securities and Investments Commission (ASIC) industry funding model into Parliament. The fees-for-service framework covers the fees AS.. Read More

Class unveils TBAR console

24-May-2018

Class has launched the Class TBAR Console to provide bulk event-based reporting in a bid to reduce complexity arising from the transfer balance account report (TBAR) regime. Accountants and administrators using C.. Read More

Adviser exodus to leave $900b in limbo

24-May-2018

More than 14,000 advisers are expected to exit the financial advice industry over the next five years, representing $900 billion of net client wealth in transition. The Adviser Ratings “2018 Financial Advic.. Read More

Imputation credit reform inevitable

24-May-2018

Imputation credits for individuals and super funds will cease being a refundable tax offset and will return to being a non-refundable tax offset regardless of whether the Labor Party wins the next federal election, a.. Read More

Govt introduces NALI provisions bill

24-May-2018

The federal government today introduced a bill into Parliament in relation to non-arm’s-length income (NALI) rules to prevent SMSFs from inflating super earnings through non-arm’s-length dealings. Rev.. Read More

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