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Showing 81 - 90 of 118 results for "SIS Act"

Govt begins long-awaited retirement income review

JAMES FERNYHOUGH  |  TUESDAY, 22 JUL 2014
... being developed. The second section deals specifically with DLAs, focusing on issues such as their disallowance in the SIS Act and resulting unattractive tax status. It also suggests ways they can be regulated to ensure they serve their intended purpose ...

CommInsure launches tailored SMSF insurance product

JAMES FERNYHOUGH  |  MONDAY, 5 MAY 2014
... Total Care Plan Super product, updated to meet the new requirements in the Superannuation Industry (Supervision) Act (SIS Act), which come in to force on 1 July this year. One of its central features is 'Split TPD', whereby policyholders will have some ...

TASA may also affect industry super funds

LAURA MILLAN  |  WEDNESDAY, 19 JUN 2013
... Richard Webb said. "Because of the way that funds can collectively charge for advice services under section 99F of the SIS Act, this would capture most services offered by a super fund where the word 'tax' is mentioned," Webb explained. Webb said that ...

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
... provisions are unnecessarily complex and will add compliance costs. The new provisions are contained in Schedule 4 of the SIS Act that was presented to Parliament last month but referred to a committee. The committee has just handed down its report. ...

Industry urged to understand changes to transfer rules

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... from July this year. From 1 July this off-market transfers will be banned, but Burgess said that it was likely that the SIS act regulations would allow what it called "on-market crossing." This would mean that the only way trustees will be able to move ...

SMSF's need life cover education

BEN COLLINS  |  THURSDAY, 23 AUG 2012
... (7%). "Education around insurance within an SMSF is a real value-add for advisers and accountants and the changes to the SIS Act, which require trustees of SMSFs to consider insurance for their members as part of the fund's investment strategy, reinforces ...

Govt targets early release schemes; defers SMSF transfer ban

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
... enforce a ban on these transactions by amending subsection 66(2) of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). "This is the section of the Act that allows fund trustees to acquire listed securities from a related party without ...

SMSFs shift focus to property

ELISE BURGESS  |  TUESDAY, 24 JAN 2012
... rise of 0.8%. The rise may be attributed to the clarification of the limited recourse borrowing rules (section 67A & B, SIS Act) by the Australian Taxation Office in September 2011. Limited recourse borrowing which permits the lender recourse on the ...

APRA drafts new super guidelines

ELISE BURGESS  |  TUESDAY, 13 SEP 2011
... (SPGs) to replace existing APRA guidance that it believes will better suit the industry, which currently operates under the SIS Act and Regulations. The draft SPGs are SPG 270 - Contribution and benefit accrual standards for regulated superannuation ...

Review reinforces power of fund scale

RUTH LIEW  |  MONDAY, 5 JUL 2010
... members' interest," noted the review. The review panel is also calling for the removal of barriers in the tax legislation and SIS Act to fund consolidation, in the interest of achieving scale. The argument of bigger, better funds extends to investment ...