TAXATION

Financial planning

The proposed changes to gearing rules in superannuation will open a "can of worms" for investors who use unlisted or DIY gearing in their super funds, said Alpha Structur...

Policy & Regulation

MLC Lifetime has reached an agreement to settle a dispute with the ATO regarding the tax treatment of a reinsurance contract entered into by MLC Lifetime in the 1998 tax ...

Financial planning

The chairman of the Cooper Review has recommended monetary penalties for employers with sloppy super admin, and said that the current paper-based system should be address...

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Financial planning

Treasurer Wayne Swan has announced the Government’s report into the Henry Review will be released before the Federal Budget in May....

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Financial planning

The FPA is addressing concerns that uncertainty about the Tax Agents Services Act 2009 - which is intended to govern and raise the standards of the provision of tax agent...

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Superannuation

As the self-managed super fund industry continues to grow rapidly, Andrew Yee explains how to ensure your clients effectively manage their SMSFs....

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Financial planning

The Henry Review could grapple between the goal for a simpler Australian taxation system and making significant changes that might split labour and salary income from inv...

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Financial planning

The Henry Review is unlikely to recommend raising the superannuation guarantee and super concessions may see a decrease, said KPMG director of superannuation and pension ...

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Policy & Regulation

The taxation regime needs be more robust to catch breaches of the Superannuation Industry Supervision Act, according to the chief executive of Opez, Cindy McDonald....

Superannuation

Mercer is urging tougher rules around SMSFs including around accountants and whether people should actually be in them....

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Superannuation

Financial planners need to establish self-managed super funds with reserves to create more flexibility, argues SMSF Strategies principal Grant Abbott....

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Superannuation

SPAA's technical director, Peter Burgess, has questioned a draft ATO ruling issued late last year....

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Superannuation

Professionalism in the SMSF industry has improved greatly, but the ATO must remain firm with the sector, said Tax Commissioner Michael D'Ascenzo....

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Financial planning

A Commonwealth and Taxation Ombudsman report has found that the ATO has established sound guidelines in the use of its 'access without notice' powers....

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Editorial

Philip La Greca examines the possible impact that the outcomes of the forthcoming government reviews will have on superannuation and, in particular, SMSFs....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

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

2 months 3 weeks ago

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

4 months 3 weeks ago

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

6 days 21 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 5 days ago

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

2 weeks 3 days ago