Category: SMSF Association Media Release

Banking Royal Commission to put financial advice in the spotlight

The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services will place ongoing scrutiny on the financial advice industry, Jordan George, SMSF Association, Head of Policy, told its […]

Draft TRIS legislation gets thumbs up from SMSF Association

The Government’s decision to release exposure draft legislation to ensure that a Reversionary Transition to Retirement Income Stream (TRIS) automatically transfers to eligible dependants on the death of the primary […]

ATO decision to defer lodgment date for SMSFs lauded

The SMSF Association welcomes the Australian Tax Office’s (ATO) decision to defer the lodgment date of self-managed superannuation funds (SMSFs) for the 2016-17 financial year. The new deadline for lodging […]

SMSF returns match APRA counterparts

Returns from the SMSF sector were on a par with the APRA- regulated superannuation sector in 2015-16 – welcome news for the more than 1.1 million people who chose to […]

Call to lift super restrictions on SMSF members working overseas

Legislative restrictions effectively compel Australians who have self-managed super funds (SMSFs) and are temporarily living overseas to switch to an APRA-regulated fund while they are outside the country, says SMSF […]

SMSF industry still coming to grips with super changes

The SMSF industry is still working through the far-reaching policy and legislative changes that took effect on 1 July 2017, says SMSF Association CEO John Maroney. He says the changes […]

Asset test rules changes hurting middle-income Australians

Changes to the assets test rules for the age pension that took effect from 1 January 2017 actively discourage middle-income wage earners from saving to be self-sufficient in retirement, says […]

FASEA educational guidelines ‘crucial step’ for advisers

The Financial Adviser Standards and Ethics Authority’s (FASEA) decision to issue proposed guidelines to assist financial advisers meet their new educational requirements has been welcomed by the SMSF Association as […]

Royal Commission offers opportunity to improve banking, financial services sectors

A Royal Commission into banking and financial services will provide an opportunity to increase transparency and improve ethics and professionalism across the financial services sector, says SMSF Association CEO John […]

December Transfer Balance Cap Deadline Looms

SMSF trustees need to ensure that their funds comply with the Transfer Balance Cap (TBC) rules before the transitional period runs out on 31 December. The SMSF Association is recommending […]