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Showing 281 - 290 of 1383 results for "SMSFs"

Super escapes COVID-19 hit

HARRISON WORLEY  |  WEDNESDAY, 27 MAY 2020
... performance index fell 8.8%," Dunnin said. "Over 12 months, super FUM is down just 0.3%. But retail super is down 9.3% and SMSFs 4%. Yet, not-for-profits are up 6.2%." Despite fears super funds would struggle to meet the demands of the government's ...

Australia only needs 15 super funds: Consultant

HARRISON WORLEY  |  TUESDAY, 26 MAY 2020
... efficiency in the superannuation industry if you don't include in your scope the 50% of it held in retail super and SMSFs," Dunnin said. "There's a lot more to scale than just funds size. Yes there are observable performance scale effects, but ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... Professional Conduct and may result in imposition of sanctions including suspension or termination of registration," Klug said. All SMSFs must be audited annually by an approved SMSF auditor before a return can be lodged. SAN misuse may indicate that ...

SISFA relaunches membership to SMSF trustees

ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
... of $48, plus GST, to allow them access to a range of services including educational content, investment opportunities for SMSFs and national seminars/webinars, amongst other things. "The introduction of new service providers and offerings to SISFA trustees ...

Industry funds pulled back to the pack

HARRISON WORLEY  |  TUESDAY, 19 MAY 2020
... changes the race to the top. KPMG's latest Super Insights report shows industry super funds are no longer on track to takeover SMSFs as the biggest sector in Australia's superannuation market, with COVID-19 to blame. According to KPMG head of asset and ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... event where a shortfall penalty will apply," Keating said. "The size of that penalty is determined by an assessment of the SMSFs behaviour when they lodged that income tax return." Keating said a failure to disclose the $10,000 as taxable income will ...

How early release impacts the ASX

ALLY SELBY  |  THURSDAY, 7 MAY 2020
... the end of 2019, Australia's superannuation funds owned approximately 38% of the ASX (across not for profit, retail and SMSFs), up from 26% a decade ago. Industry funds hold just 8% of the ASX, the research house said. Rainmaker Information director ...

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... been banned by the regulator following surveillance. ASIC said Myers claimed she was only facilitating the establishment of SMSFs for her clients, rather than providing financial advice. However, the regulator alleged Myers gave her clients financial ...

SMSFs granted annual return extension

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
SMSFs have been granted an extension to the lodgement of annual returns to the ATO to June. The ATO said it made the decision in the wake of the financial effects of the COVID-19 outbreak. "The requirement for an SMSF to appoint an auditor 45 days before ...

Managed accounts use broadens

HARRISON WORLEY  |  WEDNESDAY, 22 APR 2020
... accounts, the applicability of the structure is increasing. "We're going to lower balances and younger people right through to SMSFs and older people," he said. With managed accounts now available through 18 platforms and embedded within advisers' approved ...