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Government consults on discretionary trust tax
The government is consulting on the minimum tax on discretionary trusts set to come into effect 1 July 2028.
SMSFA backs review of ATO's regulatory approach
The SMSF Association (SMSFA) has welcomed the Australian National Audit Office's (ANAO) review of the Australian Taxation Office's regulation of self-managed super funds, describing it as a timely opportunity to assess whether the regulatory framework remains fit for purpose as the sector surpasses ...
ASFA makes suggestions for performance test overhaul
The Association of Superannuation Funds of Australia (ASFA) has called for the federal governments annual superannuation performance test to be modernised, arguing the current framework is discouraging long-term investment assets such as housing, infrastructure and renewable energy.
AutralianSuper injects $500m in Indian infrastructure
AustralianSuper will increase its commitment to India's National Investment and Infrastructure Fund (NIIF) with a further $500 million, taking the fund's overall holdings in India across all asset classes to $3.3 billion.
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Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.







There is a certain scale of FUM that an SMSF needs to become cost effective. While estimates vary for this value, it's certainly higher than the average account balance for a member under 35 in an APRA regulated fund.
APRA bulletin data shows approximately an average account balance of $7,500 for under 35's. So I fail to see where this growth in SMSF is going to come from Gen Y's.