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Showing 1741 - 1750 of 2422 results for "Rule"

SMSFs exposed in related party transactions

ALISON BEVEGE  |  TUESDAY, 16 AUG 2011
... classify the $300,000 as a deemed in-specie contribution and tax it accordingly. The fund may then breach the concessional cap rule with dire tax consequences. Worse, the income generated by the asset could be deemed to be inflated and thus a non-arm's ...

Large super funds 'obstruct' withdrawals

ALISON BEVEGE  |  THURSDAY, 11 AUG 2011
Large superannuation funds have been obstructing the release of members' money to self-managed funds by throwing paperwork hurdles in their way, a seminar heard this morning. "In an ideal world a transfer should take no more than 30 days," said Tony ...

SMSFs can use tax rule to save thousands conference told

ALISON BEVEGE  |  WEDNESDAY, 10 AUG 2011
A proposed law that would impose taxes on super fund assets following the death of the member could save beneficiaries money if they made full use of anti-detriment tax rules, an industry conference heard yesterday. Anti-detriment deductions can in ...

LICs benefit from FOFA

ALISON BEVEGE  |  FRIDAY, 5 AUG 2011
... managed funds for trailing commissions," he said. "That has changed... so it's a much more even playing field for us." A rule change that allows LICs to pay dividends as long as the have the liquidity, and not just from profits has also made a difference ...

Tax rules set for TPD insurance deductibility

ALISON BEVEGE  |  THURSDAY, 4 AUG 2011
Proposed amendments to superannuation tax law will make it easier for self-managed super funds to work out their tax deductions for insurance, an SMSF expert has said. The draft legislation, released yesterday, specifies how much of the premium for ...

ASIC commissioner new chief of FOS

ELISE BURGESS  |  TUESDAY, 2 AUG 2011
ASIC commissioner, Shane Tregillis, was appointed as new chief of the Financial Ombudsman Service, replacing departing chief Colin Neave. Tregillis will move into the Melbourne-based role from August 26. Neave did not move to be reappointed into the ...

Coaching tips invigorate adviser roadshow

ALISON BEVEGE  |  WEDNESDAY, 27 JUL 2011
... photocopying. Empower your team so they own their duties and are invested in the growth of the business, he said. "Use the 80-20 rule," he said. "They do 80% of the task, you do 20%." That leaves the adviser's only role as quality-control, meaning their ...

Real estate may cause super tax headache

ALISON BEVEGE  |  MONDAY, 25 JUL 2011
... unlike other investments such as shares and managed funds. Busoli said the recent tax department confirmation of the reversion rule should not have come as a surprise as it has been known for years. He said the tax office had first stated this was their ...

ASIC jobs cut as responsibilities rise

ALISON BEVEGE  |  FRIDAY, 22 JUL 2011
The Australian Securities and Investments Commission has axed 59 jobs in the year to May as part of 87 redundancies with a further 68 to go this financial year as part of a $10 million budget cut to the corporate watchdog, dependant on a funding review. ...

A minute to midnight sees super funds merge

ALISON BEVEGE  |  THURSDAY, 21 JUL 2011
... assets," he said. But when making your transaction official at the turn of the financial year, nobody is really sure what the rule should be. "We went to the regulator and asked - and they were flummoxed," he said. Russell later told Financial Standard ...