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Showing 231 - 240 of 321 results for "SIS"

Government must lift annuities impediments: ASFA

JAMES FERNYHOUGH  |  WEDNESDAY, 9 OCT 2013
... longevity risk is crucial," Clare said. Among the list of suggested legislative and regulatory changes, Clare recommended that the SIS regulations be amended to "provide equivalent treatment of post-retirement products offered by life insurance companies ...

Gina Rinehart offers olive branch

AAP  |  MONDAY, 5 AUG 2013
Mining magnate Gina Rinehart has written to her two children, making an offer which she hopes will bring their litigation to an end, a court has heard. Ms Rinehart's barrister, David Russell QC, told the Supreme Court on Monday that the "open letter" ...

TASA may also affect industry super funds

LAURA MILLAN  |  WEDNESDAY, 19 JUN 2013
... analyst Richard Webb said. "Because of the way that funds can collectively charge for advice services under section 99F of the SIS Act, this would capture most services offered by a super fund where the word 'tax' is mentioned," Webb explained. Webb ...

SPAA raises alarm on draft SMSF rules

ALEX DUNNIN  |  WEDNESDAY, 20 MAR 2013
... provisions are unnecessarily complex and will add compliance costs. The new provisions are contained in Schedule 4 of the SIS Act that was presented to Parliament last month but referred to a committee. The committee has just handed down its report. ...

Industry urged to understand changes to transfer rules

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... rules from July this year. From 1 July this off-market transfers will be banned, but Burgess said that it was likely that the SIS act regulations would allow what it called "on-market crossing." This would mean that the only way trustees will be able ...

SMSF's need life cover education

BEN COLLINS  |  THURSDAY, 23 AUG 2012
... cost (7%). "Education around insurance within an SMSF is a real value-add for advisers and accountants and the changes to the SIS Act, which require trustees of SMSFs to consider insurance for their members as part of the fund's investment strategy ...

Govt targets early release schemes; defers SMSF transfer ban

MELANIE TIMBRELL  |  MONDAY, 16 JUL 2012
... enforce a ban on these transactions by amending subsection 66(2) of the Superannuation Industry (Supervision) Act 1993 (the SIS Act). "This is the section of the Act that allows fund trustees to acquire listed securities from a related party without ...

Evolv launch new SMSF audit service

LINDA HAUSKEN  |  FRIDAY, 6 JUL 2012
... based audit process changes the way audits have traditionally been performed, allowing our auditors to focus on important SIS issues," said Ron Phipps-Ellis managing director of Evolv. "The super audit space is becoming very competitive in pricing and ...

ATO clarifies borrowing issues for SMSFs

RACHEL DAVIS  |  THURSDAY, 24 MAY 2012
... repairs and improvements to assets. It's also good to see the Commissioner sever the link in the draft ruling between the SIS legislation and income tax ruling TR97/23 on whether particular costs for repairs are treated as capital and income."

Former minister joins Cbus

MELANIE TIMBRELL  |  WEDNESDAY, 4 APR 2012
... budget that culminated in his decision to resign from politics. "As Treasurer, Mr Dawkins was responsible for both the SGC and SIS legislation, which together underpin the modern superannuation system of compulsory contributions as well as industry superannuation ...