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Showing 311 - 320 of 1382 results for "SMSFs"

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... almost $14,000 used by ASIC." He also slammed the ATO for frightening SMSF members. "The ATO also wrote to about 18,000 SMSFs encouraging them to review their investment strategy where they had a high exposure to a single asset class, especially geared ...

DIY SMSF platform launched

ELIZA BAVIN  |  TUESDAY, 21 JAN 2020
A new software application that enables trustees of SMSFs to manage their own fund has been launched. DIY Super Online (DIYSOL) was developed by accountant and SMSF trustee Jeff Bain who said the application was designed to save trustees money on accounting ...

Superannuation scammer to face court

KANIKA SOOD  |  THURSDAY, 16 JAN 2020
... arrested by police on Wednesday following a cybercrime investigation. It is alleged he acted as an investment manager for SMSFs and sent the victim's investments to overseas locations. He initially delivered strong returns but the victim could not access ...

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
... answered the question which had been put on notice late last year. The parliament had asked ASIC commissioner Danielle Press if SMSFs with a value under $200,000, on average, produce negative returns. ASIC said: "For the period 2016-17 (and the preceding ...

SMSFA slams limited licensing

HARRISON WORLEY  |  THURSDAY, 9 JAN 2020
... The peak body for the self-managed super sector is calling for the end of limited licensing for professionals dealing with SMSFs. Outlining its 2020/21 Federal Budget submission today, the SMSF Association said limited licensing should be phased out ...

SMSF adviser hit with ban

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... authorised representative of Ballast Financial Management. ASIC found that Blazejczyk had recommended that his clients set up SMSFs despite them having low superannuation balances. This meant those clients were exposed to financial harm because the ongoing ...

ATO issue SMSF scam warning

ELIZABETH MCARTHUR  |  TUESDAY, 10 DEC 2019
... such a scheme. The woman was a not a financial adviser or tax agent, but assisted 68 people in establishing 35 separate SMSFs. She charged those clients fees to transfer funds from a super fund to an SMSF so they could withdraw it - often on the same ...

ETF investing at record highs: Report

ELIZA BAVIN  |  THURSDAY, 5 DEC 2019
The ETF industry is seeing a rapid rise in popularity amongst SMSFs and financial advisers, according to the BetaShares/Investment Trends ETF Report. According to the report, the number of ETF investors in Australia has grown 18% year on year, reaching ...

Planners heed SMSF risk warning

JAMIE WILLIAMSON  |  FRIDAY, 29 NOV 2019
... the ATO wrote to 17,700 SMSF trustees warning them their SMSF did not meet diversification requirements. About 99% of the SMSFs concerned were invested entirely in one asset class - property. The action came on the back of a CFR report earlier this year ...

How it can all go wrong

KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... on and with the benefit of hindsight, Cribb says he would definitely not advise clients with less than $200,000 in their SMSFs to use them for property purchases, and would always double-check his compliance. "We definitely wouldn't look at those ...