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Showing 141 - 150 of 2375 results for %22SMSF%22

SMSF auditors in hot water

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
ASIC has acted against six self-managed superannuation fund (SMSF) auditors for breaches of independence requirements and auditing standards. Between June 29 to September 30, ASIC disqualified three SMSF auditors from being registered, imposed additional ...

Evidence of poor LRBA advice: Report

ANDREW MCKEAN  |  THURSDAY, 17 NOV 2022
... SMSFs that had greater than 90% of their assets backed by an LRBA. But, while LRBA assets are making up a larger share of SMSF portfolios, SMSF borrowing proportion of total SMSF assets has remained largely stable and leverage ratios have decreased. ...

Super fund with highest customer satisfaction named

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
Roy Morgan's Superannuation Satisfaction report shows an overall decline in super fund satisfaction, but several funds have bucked the trend. The report said that overall, funds scored a satisfaction rating of 67.9% in September 2022, a decrease ...

Super heads support capping retirement balances

ANDREW MCKEAN  |  THURSDAY, 10 NOV 2022
... Although these fund executives formed a consensus, other industry leaders remain resolutely opposed to a cap on super balances. SMSF Association chief executive John Maroney said: "We do not and have never supported a cap on superannuation balances." ...

SMSF growth slows, allocations shift

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... Despite these dampened metrics, Rainmaker Information executive director of research and compliance Alex Dunnin said that the SMSF segment is still a huge pool of capital, particularly for fund managers able to attract it. "While equities, property and ...

Government eyes crackdown on super tax concessions

CASSANDRA BALDINI  |  TUESDAY, 8 NOV 2022
... some funds, I'm not surprised," he said. Illustrating his point, Jones said Australia has 32 self-managed super funds (SMSF) with more than $100 million in assets; the largest holds over $400 million in assets. "If the objective of super is to provide ...

Government scraps legacy tax, super measures

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2022
... gift recipient category for providers of pastoral care or wellbeing services in schools. On the annual audit requirements, SMSF Association chief executive John Maroney said: "It was a controversial measure that contained a range of complexities and ...

TPB, bans dishonest tax agents

CASSANDRA BALDINI  |  TUESDAY, 18 OCT 2022
... (TPB) terminated the registration of two tax agents after finding they prepared and lodged self-managed superannuation fund (SMSF) annual returns with incorrect details. Following an Australian Taxation Office (ATO) referral the TPB found the agents ...

Draft SMSF auditor registration regulations to update fees, language

ANDREW MCKEAN  |  MONDAY, 17 OCT 2022
... fees on certain matters, payable to the government, for it to recover the costs of establishing the self-managed super fund (SMSF) auditor registration regime. According to Holding Redlich partner Luke Hooper, Section 128L of the Superannuation Industry ...

Prime Financial acquires SMSF administrator

CHLOE WALKER  |  TUESDAY, 4 OCT 2022
In a critical step in its ambition of becoming Australia's premier B2B SMSF administrator, Prime Financial Group has acquired Gold Coast-based SMSF Administrator Intello. The acquisition will see Prime Financial Group's SMSF division represent approximately ...