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Showing 361 - 370 of 752 results for "Relief"

Industry funds sign off on $45 billion merger

EMMA RAPAPORT  |  TUESDAY, 25 JUL 2017
... comes as the Federal Government has been actively encouraging consolidation in the industry, with the extension of the tax relief for merging funds extended until 1 July 2020. According to a spokesperson, the new Sunsuper-Kinetic entity is yet to finalise ...

SMSF software demand surges

KARREN VERGARA  |  THURSDAY, 6 JUL 2017
... to a new software solution, Bungard said. Class recently added bulk commutation of pension accounts, capital gains tax relief reports and new data filters to help accountants and SMSF administrators manage the super reforms. The SMSF industry is swamped ...

Super trustees on notice over fund disclosure

DARREN SNYDER  |  WEDNESDAY, 5 JUL 2017
... information; five made it easier to find the information; and trustees of two small funds, who did not have websites, sought relief from TI obligations. Seven trustees also transferred fund members to another fund before winding up the fund. Two trustees ...

ASIC clarifies IFA definitions, extends SoA deadline

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2017
... Advisers must still meet all other obligations under the Act, including the conduct and disclosure obligations. ASIC said the relief is intended to assist consumers in accessing advice about the reforms amid the increased demand for financial advice ...

Super tax reforms take effect

KARREN VERGARA  |  FRIDAY, 16 JUN 2017
The suite of superannuation taxation reforms affecting contributions, CGT relief and transition to retirement income streams have passed through Parliament. Revenue and Financial Services Minister Kelly O'Dwyer said the amendments under the Treasury ...

Not too late to maximise super

KARREN VERGARA  |  WEDNESDAY, 14 JUN 2017
... the ability to contribute definitely should because they won't have the ability to do it going forward," Lewis said. CGT relief is another critical element for clients who either need to commute back excess amounts of $1.6 million or have a transition ...

ASIC delays super disclosure reforms

ALEX BURKE  |  FRIDAY, 2 JUN 2017
... holdings disclosure requirements will be delayed for two years - until 1 July 2019 and 31 December 2019, respectively. The relief for super funds to provide online updates on dashboards, rather than hard copies, will also likely be extended for the same ...

Super reforms hit parliament

EMMA RAPAPORT  |  MONDAY, 29 MAY 2017
... when the member notifies the fund they have retired, are permanently incapacitated or are terminally ill. CGT cost base relief for assets that cease to be exempt current pension assets as a consequence of the super reforms will be extended to Pooled ...

BGL releases CGT capability for SMSFs

EMMA RAPAPORT  |  MONDAY, 22 MAY 2017
... Superannuation Reforms capability, giving clients the ability to process cost base resets under the new capital gains tax relief provisions. The new capability will allow Simple Fund 360 users to analyse the assets of the fund, select which assets to ...

ATO pushes back SMSF returns deadline

KARREN VERGARA  |  MONDAY, 15 MAY 2017
... than $1.6 million in retirement phase, they'll need to take action before July 1. "Secondly, if an SMSF wants to apply CGT relief, they need to ensure that they make that choice in the CGT schedule to the 2016-17 fund tax return and that they lodge it ...