Category: SMSF Association Media Release

Limited cost savings from three-year audits

The shift to three-year audits for some self-managed super funds (SMSFs) would not produce significant costs savings for trustees, said SMSF Association CEO John Maroney. “Our analysis leads us to […]

New Ministers welcomed by SMSF Association

The SMSF Association congratulates Josh Frydenberg, Stuart Robert and Zed Seselja in their appointments as Treasurer, Assistant Treasurer and Assistant Minister for Treasury and Finance, respectively, in the new Coalition […]

Renaming ‘General Advice’ will give consumers more clarity

The Productivity Commission’s recommendation to rename “General advice” in its report into Competition in the Australian Financial System has the full support of the SMSF Association. This recommendation, if accepted, […]

Getting the fundamentals right key message for advisers at Technical Day

A strong focus on the fundamentals of self-managed super funds (SMSFs), from setting a fund up to alternative investment strategies, will be a dominant theme at this year’s SMSF Association […]

SMSF Association takes issue with PC draft findings

The Productivity Commission’s draft findings about the cost effectiveness of self-managed super funds (SMSFs) uses evidence that is “fundamentally flawed” and does not consider broader motivations on why individuals set […]

Extending SuperStream to SMSF rollovers gets thumbs up

The Federal Government’s decision to release draft regulations to extend SuperStream to self-managed superannuation fund (SMSF) rollovers has the strong backing of the SMSF Association. The announcement, by the Minister […]

More clarity needed about advisers’ prior learning

The SMSF Association is urging the Financial Adviser Standards and Ethics Authority (FASEA) to provide more guidance and certainty about how recognised prior learning for existing financial advisers will be […]

Liam Shorte brings practical knowledge to SMSF Association board

The SMSF Association has appointed Liam Shorte, an SMSF Specialist Advisor™ and Financial Planner with his firm Verante Financial Planning, to its Board. Shorte, who has chaired the Association’s NSW […]

Next steps in SMSF audit policy proposal crucial

Federal Treasury’s decision to release a discussion paper on the proposed three-yearly audit cycle for some self-managed superannuation funds (SMSFs) has been welcomed by the SMSF Association. The proposal to […]

SMSF Association responds to ASIC SMSF advice report

The release of the Australian Securities and Investments Commission’s (ASIC) Report 575 “SMSFs: Improving the quality of advice and member experiences” and Report 576 “Member experiences with self-managed  superannuation funds” […]