Category: SMSF Association Media Release

Labor franking credits proposal abandons any notion of equity

The Labor Party’s proposal to abolish refundable franking credits unfairly targets self-managed super funds (SMSFs), distorting the key tax principle of horizontal equity, SMSF Association CEO John Maroney says. Addressing […]

Critical need for super objective to be legislated

It is imperative that Government puts the process of legislating the objective of superannuation back on the agenda in 2019. The push to resuscitate this recommendation that emanated from the […]

SMSFs, super industry need access to better data

There was an urgent need for better data, not only for the self-managed super fund (SMSF) sector but right across the superannuation industry, SMSF Association Chair Professor Deborah Ralston told […]

Spousal rollover measure for super fund members needed

The SMSF Association is urging the introduction of a spousal rollover measure for superannuation fund members that would allow individuals with higher superannuation balances to rollover a portion of their […]

Royal Commission lays groundwork to improve financial advice: SMSF Association

The final report of the Financial Services Royal Commission has detailed critical reforms that should lay the groundwork for a more professional and trusted financial advice sector, says SMSF Association […]

More consumer safeguards for LRBAs urged

The SMSF Association remains steadfast in its opposition to any “outright ban” of Limited Recourse Borrowings Arrangements (LRBAs). In its nine-page submission to Treasury for the Council of Financial Regulators’ […]

Class research casts SMSF costs in better light

The significance of the research report by the SMSF administrator Class into the cost structure of self-managed super funds (SMSFs) cannot be understated, says SMSF Association CEO John Maroney. The […]

Productivity Commission correct to focus on advice standards

The Productivity Commission’s decision to follow the SMSF Association’s recommendations to opt for higher SMSF advice standards and reject the minimum balance approach as the better option for ensuring the […]

A landmark code monitoring cooperation agreement announced by professional associations

Six major professional associations representing the financial planning/advice sector have signed an historic cooperation agreement to develop a code monitoring solution for their members. The associations have agreed to work […]

FASEA draft legislation ‘overlooks’ limited licence regime

The Financial Adviser Standards and Ethics Authority’s (FASEA) draft legislation for educational standards fails to “appropriately recognise or account for” the limited licence advice regime, particularly for accountants with a […]