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 […]

Opening statement – Senate Select Committee on Financial Technology and Regulatory Technology

Opening statement for the Senate Select Committee on Financial Technology and Regulatory Technology – Committee session 12 February 2021 – SMSF Association The SMSF Association is the peak body for […]

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 […]

Federal Budget 2021-2022 Submission

SMSF Association Submission The SMSF Association welcomes the opportunities to provide a 2021-2022 Budget submission. In this submission we focus on three significant themes: Complexity Advice Technical issues The SMSF […]

Life about to get more complicated for SMSF trustees

First published in the Financial Review on 28 January 2021. Rejoicing at the indexation of the transfer balance cap from July 1 because you’ll get more in tax-free pension phase? How […]

Submission on Consultation paper 332 – Promoting access to affordable advice for consumers

SMSF Association Submission The SMSF Association welcomes the opportunity to make a submission to the Australian Securities and Investments Commission (ASIC) on Consultation Paper 332 – Promoting access to affordable […]

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The SMSF Association says the current regulatory system is failing consumers with an outdated compliance regime, impost from Australian Financial Services Licensees (AFSLs) and the operation of scaled advice the […]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 […]

Why SMSF trustees need to remain alert in 2021

First published in the Financial Review on 29 December 2020. On the radar are auditing changes, higher tax-free thresholds, increased contribution caps and an ATO crackdown on investment strategies. While thankfully […]