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Showing 191 - 200 of 321 results for "SIS"

Self-auditing SMSF auditor caught in ASIC breach

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2016
... referred to ASIC by the Australian Tax Office under section 128P of the Superannuation Industry (Supervision) Act 1993 (the SIS Act), which requires all auditors of SMSF to be registered with ASIC to ensure they all meet the base standard of competency ...

Green light for SMSF family property investment

KERRIE SYDEE  |  THURSDAY, 29 SEP 2016
... DomaCom. The ATO stated that an investment by an SMSF in by acquiring property held in a DomaCom sub-fund would not break the SIS Act, provided the SMSF and related parties did not acquire more than 50% of the units in the sub-fund created after a successful ...

JP Morgan renews DCC mandate

JAMIE WILLIAMSON  |  MONDAY, 12 SEP 2016
... Zealand. Following a competitive tender and due diligence process, JP Morgan was reappointed by SIX Securities Services (SIX SIS), a provider of complete custody services for national and international securities in 65 markets and a client of more than ...

Thomson Reuters partners with platform provider

JAMIE WILLIAMSON  |  TUESDAY, 23 AUG 2016
Thomson Reuters has partnered with a platform provider to deliver a new risk tool for banks and financial institutions. Thomson Reuters has teamed up with the International Payment & Transaction Monitoring Association (IPTMA) to offer subscribers a ...

SMSF trustee fined $40K for SIS breaches

KERRIE SYDEE  |  THURSDAY, 11 AUG 2016
An SMSF trustee was fined $40,000 for 30 separate breaches of the SIS Act and ordered to pay the ATO's costs of $14,000. A trustee of the Felix Super Fund, Michael Rodriguez, was handed the fine after an ATO audit found that Rodriguez was using the ...

AMP buys SMSF accounting platform

ALEX BURKE  |  TUESDAY, 2 AUG 2016
AMP has purchased a new self-managed superannuation accounting platform for $2.5 million. Purchased via subsidiary SuperConcepts Software Services from software provider Reckon, the Desktop Super platform provides data feeds from SISS Data Services ...

SMSF payroll tax litigation under microscope

DARREN SNYDER  |  THURSDAY, 7 JUL 2016
... successful, then the asset protection aspect of SMSFs will be materially reduced, Hallinan says. He says the issue of whether the SIS Act overrides the state legislation has not, as yet, been raised.

New Spring FG SMSF platform opens

MARK SMITH  |  MONDAY, 27 JUN 2016
... when they need it", said Cullen. "By upgrading to our bespoke offering, trustees will also be able to hold nearly any type of SIS Act-compliant investment, providing flexibility generally not available via online platforms." Cullen said that the company ...

Australia on top

BENJAMIN ONG  |  MONDAY, 6 JUN 2016
Woe is us. Australians all, let's not rejoice! The Australian equity market's reaction to the better-than-expected - heaps better - 1.1% quarterly expansion in March quarter real GDP is beginning to plant the seed of doubt in my psyche. Doubt that perhaps ...

Super fund disclosure gets extension

DARREN SNYDER  |  THURSDAY, 5 MAY 2016
... deferral is to give RSE licensees enough time to transition to compliance with the full requirements of section 29QB of the SIS Act. From 1 July 2017, RSE licensees must comply in full with the s29QB requirements, including for relevant sub-plans," ASIC ...