ACCOUNTING

Superannuation

Almost 500 people were convicted for tax fraud and superannuation criminal offences in the September quarter, resulting in $1.56 million in fines and penalties....

Editorial

The Accounting Professional and Ethical Standards Board (APESB) has placed itself in a dangerous place by opting to proceed with the implementation of APES 230 without th...

Funds management

HLB Mann Judd Melbourne will create a new wealth management division to be headed by financial adviser Andrew Lord....

Accounting

Financial Services Minister Bill Shorten has released draft regulations outlining a limited licence for accountants, replacing the accountants' exemption replacement regu...

People & Products

The SMSF Professionals' Association of Australia (SPAA) has appointed Brett Kenny to the board....

Funds management

Industry commentators have tried to outline an approach by which the boutique funds industry can avoid being sidelined by the rise in self-managed super funds (SMSFs) and...

Financial planning

SMSFs perform similarly regardless of whether trustees rely on advisers, accountants or their own research, according to a Rice Warner study....

Superannuation

Accounting and wealth advisory group Chan and Naylor has called for what it describes as "overlooked guidelines" to be issued with respect to SMSFs. ...

Accounting

IPA rejects imposition of APES 230 and flags the development of a more workable alternative standard....

Financial planning

Boutique planners need to develop a specialised business model in order to compete against "mass service providers", says Next Step Financial Strategies partner Neil Whit...

Accounting

The outsourcing of self-managed superannuation fund (SMSF) administration will only be feasible if it deals exclusively with the "pure accounting" side, according to Mult...

Editorial

The trouble with APES 230 is that it goes much further than FOFA, with a prohibition on commissions and the elimination of asset-based fee arrangements....

Accounting

The APES 230 ethical standards may cause a small number of accountants "some commercial pain", but it will benefit the majority in the long run, according to Robert MC Br...

Financial planning

By diversifying into services other than financial planning, advisers can dramatically increase the likelihood they will retain clients, says Instreet managing director G...

Editorial

Queensland-based accountant Greg Holman warns APES 230 could irrevocably alter the landscape for accounting organisations and poses a serious threat to the success and pr...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 1 week ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 6 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 2 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

3 days 11 hours ago