SMSF

Superannuation

PM mulling plan to cut SG rise: Opposition

Members of Parliament earn more super in one term than many retirees can expect to earn during their working lifetime, according to Shadow Minister for Financial Services...

Policy & Regulation

Accountants back industry funds on early release recontributions

CPA Australia has not only backed industry funds on urging the Government to use the Budget to allow early release superannuation top-ups but has also backed funding a th...

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...

SMSF

SMSFs attractive not only due to costs

Individuals who have decided to set up their own self-managed super funds are motivated by far more than costs or investment returns, with a desire for control over their...

Superannuation

ASIC takes court action to enforce enforceable undertaking

In an unusual move, the Australian Securities and Investments Commission is taking civil action in the Federal Court to force a Gold Coast accountant to abide by an enfor...

Superannuation

Scale the key to SMSF costs and efficiency

Self-managed superannuation funds have become more competitive with Australian Prudential Regulation Authority regulated funds over the past seven years but having a soli...

Superannuation

Report to provide insights on actual cost of SMSF

A Rice Warner report, to be launched later this month, will look at when self-managed superannuation funds are most cost-effective....

Financial planning

AAT upholds SMSF adviser ban

The corporate regulator’s ban on Perth self-managed super fund adviser Wayne Blazejczyk has been upheld by the Administrative Appeals Tribunal....

Superannuation

SMSF member increase due to pass

After recommendation from the Senate Economics Legislation Committee, legislation to increase the maximum number of SMSF members from four to six is expected to pass thro...

Policy & Regulation

Craig Gore found guilty of six counts of fraud

The Queensland property developer has been found guilty of six counts of self-managed super fund fraud totalling $345,000, having initially arrested back in 2017....

SMSF

Unlicensed SMSF business ordered to windup

The Federal Court has ordered Secure Investments and Aqulia Group to wind up after it found Secure Investments and its director Mudasir Naseeruddin had breached the Corpo...

SMSF

Specialist SMSF advice recognised by FASEA

In the latest FASEA draft guidance, the importance of specialist advice for self-managed superannuation funds has been recognised, according to the SMSF Association....

SMSF

SMSFs need managed funds for capital preservation: Cor Capital

Self-managed superannuation funds should look to managed funds for capital preservation post-COVID, according to Cor Capital....

Superannuation

SMSF Association defends increasing size of SMSFs

Faced by the misgivings of at least one major accounting group, the SMSF Association has sought to reinforce the benefits of increasing the size of self-managed superannu...

Superannuation

Will larger SMSFs lead to more family disputes?

Major accountancy group, CPA Australia has warned that increasing the size of self-managed superannuation funds may give rise to governance issues including more family d...