ATO

Superannuation

APRA could have identified poorly performing superannuation funds sooner and before the Royal Commission if it had actually collected and used the right data, according t...

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SMSF

While the Productivity Commission modified its earlier findings to better reflect true SMSF returns in its final report, Class has warned that aspects of its calculations...

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Financial planning

Superannuation funds have been placed on notice about the dangers of their telephone consultants drifting into their area of specific personal advice, with a fund ordered...

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Policy & Regulation

Two registered tax agents, QTR Accountants and Nicoh Group, have had their registrations terminated following 19 consumer complaints about their conduct....

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SMSF

SuperConcepts has warned that the Productivity Commission’s revision of the minimum viability threshold for SMSFs to $500,000 is misleading, saying a figure of half that ...

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Superannuation

The financial services industry needs to make it easier for Australians to manager their super and help reduce the risks of unnecessary fees, according to Dixon Advisory....

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Policy & Regulation

The Coalition has forced the sale of $380 million worth of real state that was illegally acquired by foreign nationals. ...

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Policy & Regulation

Nearly 90 per cent of investors responding to a survey believe the Federal Opposition’s proposed removal of refundable franking credits will reduce their quality of life....

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Superannuation

A new information-sharing initiative announced as part of the Women’s Economic Security Package will improve the Family Court’s visibility of the superannuation assets of...

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Superannuation

New pension rules, combined with the ATO’s revised treatment of some existing practices surrounding exempt current pension income, have increased the workload of administ...

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Superannuation

The AIST has welcomed an announcement from the Federal Opposition that it will move to amend key measures in the insurance in superannuation package now before Parliament...

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Policy & Regulation

The Tax Practitioners Board has revealed it currently has around 400 current investigations into tax practitioners, as the Federal Court upholds its decision to ban a for...

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Superannuation

Commercial property lender Thinktank has urged regulators and the Government not to ban the use of limited recourse borrowing arrangements within SMSFs....

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Superannuation

ASFA is encouraging the Government to consider expanding access to the exemption from the contributions work test to individuals with a total superannuation balance under...

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Policy & Regulation

Advisers and their clients have been put on notice to maintain a tighter focus on share trades with the Australian Taxation Office now capable of matching share trades ag...

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GG

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