INCOME TAX

Superannuation

Financial advisers may be unaware of the hidden costs with regards to the taxation treatment of lump sum benefits from superannuation, according to Damian Hearn....

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Policy & Regulation

The Sydney District Court has sentenced finance broker and unregistered tax agent Angelos Giourtalis to nine years in gaol for 57 counts of tax fraud....

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Superannuation

Law firm advises establishment of separate trust arrangements to avoid penalties around transitionary elements of excess contributions following an Australian Taxation Of...

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Editorial

Troy Smith outlines what bankruptcy is, when it should be filed for and what income and assets would be available to creditors....

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Superannuation

Jennifer Brookhouse outlines the issues to consider when deciding whether a superannuation death benefit going to a child should be paid as an income stream or into a tes...

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Superannuation

The Government has amended its recent superannuation guarantee amendment bill to now abolish the age limit for compulsory contributions altogether. ...

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Financial planning

In the third quarter of 2011, 356 people and 122 companies were prosecuted and convicted of taxation and superannuation offences, according to acting Tax Commissioner Jen...

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Financial planning

While the proposed Future of Financial Advice changes and their potential impact on financial advisers remain the hot topic, there is another acronym - TOFA - which deser...

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Policy & Regulation

The proposed changes to transfer pricing rules will ensure multinational corporations operating in Australia pay the correct amount of tax on their income, according to A...

Superannuation

Self-managed super fund (SMSF) software firm BGL Corporate Solutions has added Bendzulla Actuarial to its actuarial certificate providers....

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Superannuation

When a self-managed superannuation fund (SMSF) member or trustee travels overseas for an extended period, their SMSF could lose the tax concessions it enjoys. Nicholas Al...

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Life/Risk

Macquarie Adviser Services has welcomed recently issued income tax regulations that clarify the extent to which super fund trustees can claim tax deductions for life and ...

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Financial planning

Bravura Solutions has released the latest version of its private wealth and portfolio administration software to deal with the Government's regulatory changes to the Taxa...

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Financial planning

Bravura Solutions has released the latest version of its private wealth and portfolio administration software to deal with the Government's regulatory changes to the Taxa...

Financial planning

Deborah Wixted questions whether provisions of limited relief regarding excess contributions tax could be classified as 'relief'....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 2 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 days 12 hours ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

1 week 5 days ago