ATO

Superannuation

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

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Policy & Regulation

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...

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Superannuation

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...

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Editorial

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...

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Superannuation

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...

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Superannuation

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...

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Financial planning

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

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Funds management

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

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Superannuation

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 ...

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Superannuation

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...

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Funds management

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

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Policy & Regulation

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...

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Financial planning

Arlene Caolboy has been fined $40,000 for claiming she was a registered tax agent and unlawfully providing tax agent services....

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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...

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Financial planning

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

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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 1 day 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 1 day 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 2 days 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