ATO

Financial planning

The Administrative Appeals Tribunal has set aside the disqualification of SMSF auditor John Gilliland by the Australian Securities and Investments Commission....

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Financial planning

Hussain Nazeer submitted false claims which resulted in almost $180,000 that he kept himself....

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Funds management

Retirees who took more than the reduced minimum amount as a pension before the change became law can only treat payments made after 24 March, 2020, as lump sum commutatio...

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Funds management

The Australian Tax Office has confirmed that a part disposal of a home can be claimed as downsizer contributions and this has been extended to DomaCom’s senior equity rel...

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Superannuation

Superannuation funds are carrying out double-checks around surprisingly high instances of different bank account numbers being used by members seeking early access to sup...

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Superannuation

Superannuation funds may not necessarily be held responsible for making good the losses caused by fraud around the Government’s hardship superannuation early release regi...

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Policy & Regulation

The Federal Court has delivered two judgements against Kent Hacker and his business One Stop Global Staffing for contravening the Tax Agent Services Act 2009 and were in ...

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Financial planning

Deregistered tax professional Alana Hodge has been sentenced to three years jail for fraudulently obtaining almost $200,000 from the ATO. ...

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Policy & Regulation

The Victorian-based company was banned for misleading the Australian Tax Office after an investigation from the Tax Practitioners Board....

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People & Products

Wealth manager JBWere has extended its virtual managed accounts agreement with Praemium for another two years. ...

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Superannuation

The Government’s hardship early release superannuation scheme has “wiped out” the retirement balances of hundreds of thousands of Australians, according to Industry Super...

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Superannuation

Members who have accessed hardship early release superannuation should understand that they may be audited by the Australian Taxation Office to determine whether they wer...

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Superannuation

From go to woah, the latest Australian Prudential Regulation Authority data has revealed no slackening in demand for hardship early release superannuation....

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Superannuation

The median ‘operating expense’ for a self-managed super fund is $3,923, according to the Australian Taxation Office, far lower than the $13,900 quoted in a recent SMSF fa...

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Policy & Regulation

Industry Super Australia has backed the Australian Taxation Office’s promised crack-down on the misuse of early release superannuation, particularly with respect to tax m...

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Never miss the latest news and developments in wealth management industry

Squeaky'21

My view is that after 2026 there will be quite a bit less than 10,000 'advisers' (investment advisers) and less than 100...

1 week ago
Jason Warlond

Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have bee...

1 week ago
Jasmin Jakupovic

How did they get the AFSL in the first place? Given the green light by ASIC. This is terrible example of ASIC's incompet...

1 week 1 day ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 2 weeks ago