Unallocated contributions not a reserve

20-Jun-2018|By Malavika Santhebennur

Concessional contributions made by SMSF trustees as part of a contribution reserving strategy will not be considered a true reserve by the ATO, according to DBA Lawyers. DBA Lawyers director Dan Butler told an SMSF online update webinar some .. Read More

Robo, AI ETF hits $100m


ETF Securities Australia has reported its Robo Global Robotics and Automation exchange-traded fund (ETF) has achieved inflows of $100 million just nine months after its launch. The ETF represents a partnership be.. Read More

Urgent call to action on elder abuse laws


Australian banks, along with seniors groups and the Financial Services Union (FSU), have called on lawmakers to proceed with laws for suspected elder financial abuse. In February, banks renewed their push for cha.. Read More

AFCA appoints chief ombudsman


The Australian Financial Complaints Authority (AFCA) has named Australian Charities and Not-for-profits Commission (ACNC) charity services assistant commissioner David Locke as its chief ombudsman and chief executive.. Read More

ASIC begins civil proceedings against Westpac


The Australian Securities and Investments Commission (ASIC) has begun civil penalty proceedings in the Federal Court against Westpac in relation to poor advice provided by one of its former financial advisers. In.. Read More

Licensing rules curb pension advice


Financial planners will be limited in providing advice on the pension loans scheme (PLS) unless they are adequately licensed, a specialist aged-care expert has warned. “We identified a potential licensing i.. Read More

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