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Showing 131 - 140 of 181 results for %22SIS Act%22

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 ...

Former minister joins Cbus

MELANIE TIMBRELL  |  WEDNESDAY, 4 APR 2012
... budget that culminated in his decision to resign from politics. "As Treasurer, Mr Dawkins was responsible for both the SGC and SIS legislation, which together underpin the modern superannuation system of compulsory contributions as well as industry superannuation ...

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 ...

She's becoming right, mate

BENJAMIN ONG  |  MONDAY, 5 DEC 2011
No doubt financial markets are still basking in the afterglow of last week's equity rally - which for many had been the best in more than three years. The S&P 500 index ended the week up 7.4% with the All Ords not that far behind as it posted a 7.1% ...

Europe push-US pull

BENJAMIN ONG  |  THURSDAY, 17 NOV 2011
Obama in Australia may be providing us, Australians, a bit of a sideshow but for global financial markets, the game hasn't changed. It continues to be one that could be characterised as Europe pushed-US pulled. Europe pushed. Fears of a debt contagion ...

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 ...

Franklin Templeton acquires Balanced Equity, plans new fund

MATT WOODINGTON  |  TUESDAY, 21 JUN 2011
Franklin Templeton Investments has agreed to acquire Australian equities manager Balanced Equity Management and plans to launch a new fund available to retail and institutional investors. The deal transforms Franklin Templeton Australia from a $7bn ...