SMSF

Six member SMSF bill passes legislation

Legislation to allow an increase of maximum members in an SMSF from four to six has passed in parliament, despite a last-minute movement by the opposition to to review operation of the bill.

Tahn SharpeJune 21, 2021

ALP attacks ‘shonky’ advisers in SMSF bill shut-down

Financial services minister Jane Hume defended the industry after ALP senator Jenny McAllister said "shonky" advisers would be the main beneficiaries of a proposal to increase SMSFs to six allowable members.

Tahn SharpeJune 17, 2021

SMSF

SMSF Association cheers ‘welcome’ budget measures

The SMSF Association chief roundly applauded the suite of measures that will reduce complexity and encourage engagement in the self-managed superannuation sector.

Tahn SharpeMay 13, 2021

SMSF

More advisers giving clients retail vs wholesale option: Deloitte

Wholesale and high-net worth advice firms are giving clients the choice of either being treated as a wholesale or a retail client according to Deloitte investment and wealth director, Mark Ryan.

Tahn SharpeFebruary 18, 2021

SMSF

Don’t oversell SMSF tax benefits, advisers warned

Placing too much emphasis on the current day tax advantages of SMSFs, rather than the eventual retirement payoff, can increase the risk of breaching the sole purpose test according to CFS technical lead Craig Day.

Tahn SharpeFebruary 16, 2021

SMSF

Advice complaints rulings fairly evenly split: AFCA

The largest portion of complaints relating to investments and advice (32 per cent) are passed on by AFCA because they land outside the complaints authority’s jurisdiction, AFCA's 2020 complaint data shows.

Matthew SmithFebruary 16, 2021

SMSF

Licensees self-interested, more concerned with revenue: SMSF Association

CEO John Maroney conveyed the association's dim view of AFSLs in a submission to ASIC's consultation on access to affordable advice, as well as some suggestions for ASIC about its image in the industry.

Tahn SharpeJanuary 20, 2021

SMSF

Auditor independence top of mind at SMSF Association conference

Recent amendments to the rules around auditor independence will be a key legislative theme at this year's SMSF Association National Conference according to the representative body's deputy CEO and director of policy and education, Peter Burgess.

Tahn SharpeJanuary 15, 2021

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SMSF

SMSF

Six member SMSF bill passes legislation

SMSF

ALP attacks ‘shonky’ advisers in SMSF bill shut-down

SMSF

SMSF Association cheers ‘welcome’ budget measures

SMSF

More advisers giving clients retail vs wholesale option: Deloitte

SMSF

Don’t oversell SMSF tax benefits, advisers warned

SMSF

Advice complaints rulings fairly evenly split: AFCA

SMSF

Licensees self-interested, more concerned with revenue: SMSF Association

SMSF

Auditor independence top of mind at SMSF Association conference

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