federal court

Editorial

Why it's time to standardise Statements of Advice

With research showing that Statements of Advice remain almost impenetrable documents for consumers, Bruce Keenan argues it could be time for a change. ...

Policy & Regulation

ATO warning on agricultural MISs

The ATO has pointed to a $1 million penalty imposed by the Federal Court as a strong reason for agricultural MIS promoters to obey the rules. ...

Superannuation

Assets of SMSF property promoter frozen

Adelaide-based SMSF property promoter restricted from travel after company collapse. ...

Financial planning

Trio-linked adviser takes swipe at Labor MP

Trio-linked adviser Ross Tarrant has appealed his seven-year ban from the industry, also criticising Labor MP Steve Jones for political point-scoring over the issue....

Financial planning

When promotion is bad news for business

Financial planner practices risk hefty fines or even imprisonment if they are caught ‘promoting’ a tax scheme. Jennifer Yeo explains....

Funds management

Former Prime Trust directors breached duties

Former directors of Prime Trust, including former Federal Minister for Health and Aged Care Dr Michael Wooldridge, breached their duties as company officers, according to...

Policy & Regulation

Warning on tax exploitation schemes

Full Federal Court decision defines extent of ATO’s powers on promoters of tax exploitation schemes....

Editorial

Paying tax when selling a house

Although tax exemption when selling a person’s main residence is usually a routine matter, things can go badly wrong in some quite unexpected ways, writes Chris Ardagna....

Funds management

Cloud over GST payments on SMSF property

Recent court case creates uncertainty about GST payments on recently purchased properties, including those insides SMSFs. ...

Funds management

APRA accepts last EU in Trio enforcement action

Regulator says thirteenth EU will conclude planned Trio action....

Financial planning

WealthSure PI insurer ordered to pay costs to remove planner from appeal

Legal costs in appeal set to consume client payment despite ruling in their favour. ...

Funds management

ASIC takes GE Money to court

ASIC initiates civil proceedings against GE Money alleging misleading and deceptive conduct over credit limits. ...

Superannuation

How to deduct super contributions by passive investment trusts

DBA Lawyers’ David Oon and Bryce Figot take a cautious look at deducting superannuation contributions for directors of trustees of ‘passive’ investment trusts. ...