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

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

Inclusion of LRBA debt for TSB amended

24-May-2018

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 .. Read More

Imputation ban to change investing behaviours

23-May-2018

The federal opposition’s policy to scrap excess imputation credit refunds, if implemented, would likely reduce the after-tax returns from Australian shares and, in turn, result in SMSFs changing their investmen.. Read More

SMSFs flee shares for commercial property

23-May-2018

A volatile share market, low returns on cash and the combination of high prices and low yields for residential property have resulted in SMSFs turning to commercial real estate in droves, a new report has found. .. Read More

Advisers must consider super proceeds trust

23-May-2018

SMSF advisers may have overlooked superannuation proceeds trusts previously, but they now need to be mindful of the structure due to the super reforms that came into effect from 1 July 2017, according to an industry .. Read More

Anecdotal evidence of poor CGT advice

23-May-2018

A technical expert has expressed his concerns about the poor quality of advice some SMSF trustees have admitted to receiving with regard to the super reforms capital gains tax (CGT) relief provision. The new rule.. Read More