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Showing 1 - 10 of 133 results for "SMSF members"

Accounting sector rejects shifting CSLR costs to SMSFs

VINNY VUCAGO  |  THURSDAY, 11 JUN 2026
... failures and misconduct prior to advice and distribution," he said. The joint submission criticised Treasury's focus on SMSF members and retail clients as potential solutions to the funding challenge, arguing managed investment schemes have been largely ...

Div 296 requires fixing before finalisation: Industry

MATTHEW WAI  |  THURSDAY, 9 APR 2026
... Burgess said. He also warned that the proposed attribution rules risk producing arbitrary and unfair outcomes for SMSF members. "Members could be taxed on earnings they have never received - and may never receive," Burgess said. "That includes situations ...

Patience urged over 'shortsighted' super tax

ELIZA BAVIN  |  FRIDAY, 16 MAY 2025
... of investment earnings, which "inexplicably includes unrealised capital gains". Burgess said this would penalise SMSF members for paper profits that may never materialise. "No one disputes Treasury's desire for a fair and equitable superannuation system ...

SMSF Association names annual award winners

MATTHEW WAI  |  FRIDAY, 21 FEB 2025
... consultations were instrumental. "Her influence played a key role in shaping a legislative outcome that will benefit many SMSF members."

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
... 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 tradition ...

Growth of SMSFs, Div 296 opportunity for advisers

MATTHEW WAI  |  WEDNESDAY, 18 SEP 2024
... access to financial advice." Additionally, the study revealed members aged 75 and over are now the biggest cohort of SMSF members, increasing 1.2% in FY24 and 4.35% across the past five years. Class said this is a result of the age group creating their ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... by the SMSF Association found the new tax could impact as many as 50,000 SMSFs. It estimated that 13.5% of 722,000 SMSF members would experience liquidity stress in meeting the new tax obligations. While it is a compulsory retirement savings system ...

Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... QAR extend to qualified accountants who are "essentially locked out of the system" as there are some five million SMSF members who have unmet advice needs that they can tend to. Last year, assistant treasurer Stephen Jones revealed the first two tranches ...

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... Adelaide commissioned by the association shows that this proposed tax could have a negative impact on up to 50,000 SMSF members, with the mean additional tax liability exceeding $80,000 in 2020-21 and 2021-22. The University of Adelaide used financial ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... averages over $80,000 during FY20 and FY22 will experience an impact. According to the report, an estimated 13.5% of SMSF members would have experienced liquidity stress in meeting the new tax obligations. The SMSFA said the research, sourced from over ...
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