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Showing 141 - 150 of 2553 results for "SMSF"

Chalmers' claims on super tax are 'misleading': SMSFA

MATTHEW WAI  |  FRIDAY, 24 JAN 2025
The SMSF Association (SMSFA) says Treasurer Jim Chalmers' claims that the $3 million superannuation tax followed extensive consultation are misleading, accusing the Treasurer of making several ambiguous statements in defence of the tax. SMSFA chief ...

ETFs, global equities dominate retail portfolios: Data

MATTHEW WAI  |  TUESDAY, 21 JAN 2025
... 'set and forget' investment option, offering consistent returns compared to individual stock picking," NAB director, SMSF and investor behaviour Gemma Dale said. But there are distinctions between the two demographics when it comes to investment ...

Super admin providers face reckoning in 2025: Finura

KARREN VERGARA  |  MONDAY, 20 JAN 2025
... predicts. AI agents will likely impact commissions processing, platform transactions, cash and portfolio reconciliation, and SMSF admin.

Settlement reached in Caddick class action

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... receivers and liquidators of Maliver and Ms Caddick," he said. In December 2023, Chapman told Financial Standard that the SMSF auditors failed in their duties, and if they had not failed his clients wouldn't have suffered any loss. "Our role - acting ...

Super framework, SMSFs conducive to financial abuse: Inquiry

KARREN VERGARA  |  FRIDAY, 6 DEC 2024
... government and parliament moving to close this legal loophole and protect victims of family violence and financial abuse." The SMSF sector, meanwhile, appears to be a hotbed for financial abuse due to lower levels of oversight. One submission to the ...

$3m super tax faces axe, pushed to 2025

MATTHEW WAI  |  MONDAY, 2 DEC 2024
... federal election, missing out on the opportunity to pass during the final parliamentary sitting of the year. Neo Super head of SMSF technical services Nicholas Ali told Financial Standard that the election result will influence the outcome. "There is ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... payments over the year to September 2024," APRA said. Part of the overall increase in superannuation assets was due to the SMSF sector surpassing the $1 trillion mark. Fresh data from the Australian Taxation Office found total assets held in SMSFs hit ...

Illegal investment scheme operator to pay $1.25m

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... and operator of the unregistered schemes, including advising individuals to invest their personal savings by setting up a SMSF to invest in a scheme".

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... show the total assets held within self-managed superannuation funds (SMSFs) hit $1.02 trillion at September end. The total SMSF members grew to 1,173,867 in over 630,000 SMSFs, with over 10,200 new entrants in the quarter and 165 exits. Sticking with ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
The SMSF Association (SMSFA) has welcomed reports the government's $3 million superannuation tax, which was expected to come into effect 1 July 2025, could be shelved until after the next federal election. SMSFA chief executive Peter Burgess said the ...