SMSF

Policy & Regulation

Govt pressured to exclude SMSFs from DDO regime

Self-Managed Superannuation Funds should be exempted from the Government’s new design and distribution regime because they are not like other financial products, accordin...

SMSF

SMSF adviser banned for best interests failure

Wayne Blazejczyk recommended clients with low super balances to set up a SMSF and use an admin service he was the owner of and to invest in a fund that he was the investm...

Financial planning

ASIC bans Melbourne adviser for SMSF advice

Former Apogee adviser, Jihad Soleiman has been banned for six years for unqualified self-managed superannuation fund advice....

Superannuation

ASIC reinforces folly of low-balance SMSFs

The Australian Securities and Investments Commission has provided a Parliamentary Committee with data confirming that self-managed superannuation funds with balances belo...

Policy & Regulation

ASIC challenged on ‘scary’ SMSF factsheet

A key parliamentary committee chairman has challenged the Australian Securities and Investments Commission on whether it was trying to scare people with its self-managed ...

SMSF

Three years jail for illegal SMSF operation

A man operated an illegal SMSF and issued an unlawful early release of super funds for 25 people....

Superannuation

SMSF members reaching aspirational retirement lifestyles

SMSF members are saving well above the comfortable retirement standards, according to Accurium....

SMSF

Class looks beyond SMSF market

Cloud-based self-managed superannuation funds administrator Class is looking beyond SMSFs towards the trust sector to accelerate growth....

Policy & Regulation

ASIC should withdraw its SMSF factsheet

The Australian Securities and Investments Commission’s SMSF factsheet contains ‘an array of seemingly deliberate inaccuracies’ and should be withdrawn, according to econo...

SMSF

No right to appeal SMSF compliance status change

SMSFs that fail to lodge annual returns by the due date and have their compliance status changed do not have the right to appeal to the AAT as the SuperFund Lookup websit...

People & Products

SMSF Association appoints chair following Ralston resignation

The SMSF Association has appointed Robin Bowerman as its new chair, replacing Dr Deborah Ralston who has joined the Review of the Retirement Income System....

Superannuation

Should you involve family in SMSF?

People should carefully consider before involving other family members in their self-managed superannuation funds as it may not be in the best interest of all parties, ac...

Policy & Regulation

Retirement income review could scrutinise other policies

The review could facilitate scrutiny of the government’s fiscally unsustainable policies, Heffron believes. ...

Financial planning

Major accounting bodies want far more than accountant’s exemption

The major accounting bodies want far more than the re-establishment of the accountant’s exemptions – they want a wholesale review of a post-Future of Financial Advice reg...

Tools & guides

Preparing for an SMSF audit

SuperConcepts’ Graeme Colley explains why self-managed super funds are likely to come under more scrutiny following recent court decisions and how trustees and their clie...