ATO

Financial planning

The Australian Council of Trade Unions has condemned the Government’s proposed changes to self-managed superannuation funds structures as an estate planning vehicle and c...

Financial planning

Advisers are asking the most questions about JobKeeper rules for both their clients and for their own businesses, according to BT....

Financial planning

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

Financial planning

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

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...

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...

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...

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...

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 ...

Financial planning

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

Policy & Regulation

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

People & Products

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

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...

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...

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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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 7 hours ago