ATO

Policy & Regulation

ASIC urged to use ATO and super to reunite unclaimed remediation monies

Superannuation funds would rather see unclaimed remediation money directed away from charities and consumer groups and towards client’s superannuation accounts via the AT...

Financial planning

DomaCom completes integration with BGL

The fractional investment platform has been integrated with self-managed super fund administrative platform Simple Fund 360....

Superannuation

Relief for SMSFs with LRBAs

Self-managed superannuation funds with limited recourse borrowing arrangements will not be penalised for capitalising interest as a result of COVID-19....

Policy & Regulation

Will post-COVID-19 super top-ups be gamed?

Major financial services groups are urging the Government to provide incentives for people to top-up their superannuation but there are concerns that a lack of detailed r...

Superannuation

The super funds which took the biggest early release hits

Ten superannuation funds experienced outflows in excess of a billion dollars as a result of the Government’s COVID-19 hardship superannuation early release regime, with i...

Editorial

You want to reduce advice costs? Then reduce regulation

If the Government seriously wants to make financial advice more affordable then it needs to conduct a thorough review to strip out the layers of regulation which have dri...

Superannuation

TBCs and TSBs need attention to reduce super complexity

The transfer balance cap indexation, the total super balance thresholds, and access to information for advisers need to be addressed to simplify the retirement income sys...

Superannuation

Transfer balance account data needs to be made more available

The Australian Taxation Office needs the ability to allow superannuation members to access their transfer balance account data outside its portal to curb confusion with t...

Financial planning

Downsizer contribution top of advisers' query list

With COVID-19 mostly under control in Australia, retirees are again looking to realise their plans to downsize their principal homes, according to BT....

Funds management

Cromwell Property Trust 12 extended for five years

The extension was voted on by unitholders after the trust reached the end of its initial seven-year term last year....

Superannuation

323% increase in super scam reports

2020 was the year of the Government’s hardship early release superannuation scheme and it was also a year during which the Australian Competition and Consumer Commission ...

Superannuation

APRA confirms super early release did impact super fund liquidity

Some superannuation funds have been confirmed as having faced a liquidity squeeze as a result of the Government’s early release superannuation regime while some members l...

Funds management

DomaCom's solution helps retirees benefit from government measures

The measures will improve retirement outcomes by encouraging retirees to access the value of their home to fund their retirement....

Policy & Regulation

TPB welcomes Govt reforms

The Government has announced it will implement a range of reforms, including greater independence of the Tax Practitioners Board from the Australian Tax Office and a redu...