SMSF

Superannuation

Industry body welcomes SuperStream proposal

The SMSF Association has welcomed a move by Parliament to allow self-managed superannuation funds to receive digital rollovers through the SuperStream system....

Superannuation

SMSF asset allocation changed by new laws, market conditions

Asset allocation by SMSFs across fiscal 2018 has revealed the impact of new laws and market conditions on fund trustees’ strategies, a survey by SuperConcepts has shown....

Superannuation

SMSF Association welcomes Pension decision

The SMSF Association has joined the choir welcoming the Government’s backdown on raising the Age Pension to 70, saying that reliance on the Pension is decreasing as super...

Superannuation

Three-yearly audits won’t produce savings

Amid continued debate over the Government’s triennial auditing proposal for SMSFs, the SMSF Association has warned that the change would not produce significant cost savi...

Accounting

Triennial audits will compromise compliance: SuperConcepts

The self-managed superannuation fund sector fears that the Government’s three-yearly audit proposal will compromise compliance quality and unduly burden the ATO, SuperCon...

Policy & Regulation

ASIC disqualifies Queensland SMSF auditor

The Australian Securities and Investments Commission has disqualified a Queensland self-managed superannuation auditor. ...

Policy & Regulation

SMSF auditor disqualified for independence breach

A New South Wales self-managed superannuation fund auditor has been disqualified for breaching independence requirements....

Superannuation

IPA lambasts Government’s SMSF audit proposal

The Institute of Public Accountants says the Government’s proposal to change the annual audit requirement for SMSFs shows it neither understands nor respects the work car...

Superannuation

2016 Budget slices SMSF tax status

New analysis from self-managed superannuation funds administrator Class has revealed the 2016 Budget changes sliced 25 per cent of the tax-free assets available to self-m...

Superannuation

Has PC opened SMSFs to attack?

The Productivity Commission has been warned that both its methodology and attitude to self-managed superannuation funds may have opened the sector to attack from other el...

Superannuation

Class points out gaps in PC’s super report

Class Limited has highlighted what it describes as significant SMSF gaps in the Productivity Commission's Superannuation Report and said is performing its own analysis to...

Policy & Regulation

ASIC bans SMSF financial adviser

ASIC has banned Queensland financial adviser, James Cribb, from providing financial services for four years. ...

Financial planning

SMSF Association calls for clarity about advisers’ prior education

The professional body representing the SMSF sector has called on FASEA to provide more guidance about how recognised prior learning for existing financial advisers will b...

SMSF

Crypto exchange Cointree targets SMSF space

After identifying interest from customers wanting to purchase cryptocurrency with their super, Cointree is partnering with SMSF accounting services provider New Brighton ...