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Shameful ASIC fee increase warrants immediate review
Joint Media Release with Chartered Accountants Australia and New Zealand, CPA Australia, Financial Planning Association of Australia, and Institute of Public Accountants. ASIC hikes financial adviser licence fees despite adviser numbers
Investment strategies must be ‘trustee driven’
Although a self-managed super fund (SMSF) investment strategy is not an advice document, advisers must ensure that it has not been interpreted as advice, Adam Goldstien, a financial adviser with
Virtual National Conference huge hit with delegates
The SMSF Association National Conference ticked all the boxes with the two-day event attracting more than 1,100 registrations from every state and territory, over 9,500 hours of sessions viewed and
SMSFs with LRBAs ‘not penalised’ for capitalising interest
Self-managed super funds (SMSFs) that have borrowed from a private company under a limited recourse borrowing arrangement (LRBA) will not suffer adverse tax consequences if the loan interest has been
SMSF Association wants ATO to address critical NALE issues
The SMSF Association has called on the ATO to address several critical issues in its final ruling on how the new rules for non-arm’s length expenses (NALE) will apply. The
New duty of care proposal ‘no cause for concern’ for SMSF trustees
The self-managed super fund (SMSF) sector has no grounds for concern about the proposed introduction of a new duty requiring all superannuation fund trustees, including SMSF trustees, to act in
Government initiative to use technology to cut SMSF red tape welcomed
The SMSF Association fully supports the Federal Government initiative to embrace technology as a means of cutting red tape and complexity in the SMSF sector. Addressing the Association’s 2021 SMSF
Retirement Income Review to be dissected at National Conference
Industry experts will dissect the Retirement Income Review (RIR) report that was handed down late last year at the 2021 SMSF Association National Conference being held virtually on 16 and
Government urged to use Budget to reduce super complexity
The Federal Government is being urged to use the 2021-22 Budget to reduce complexity in the retirement income system. In its submission, the SMSF Association says the Retirement Income Review
Regulatory system for financial advice failing consumers
The SMSF Association says the current regulatory system is failing consumers with an outdated compliance regime, impost from Australian Financial Services Licensees (AFSLs) and the operation of scaled advice the
Overhaul of legacy pensions gets thumbs up
The SMSF Association welcomes the announcement in the Federal Government’s Mid-Year Economic and Fiscal Outlook (MYEFO) that will allow the partial commutation of certain non-commutable pensions. SMSF Association Deputy CEO
Streamlining financial advice industry regulation gets tick of approval
The SMSF Association is putting its weight behind the Government’s decision to streamline the number of regulators for the financial advice industry. Under the proposal, Treasury will oversee the education,