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| | | ... her own interests ahead of her clients. The Saber Superannuation accountant was found to have advised clients to establish SMSFs without considering their personal circumstances during her time as a representative of former AMP subsidiary, SMSF Advice. ... |
| | | | ... contravened section 911A of the Corporations Act 2001 (Corporations Act) by providing financial advice to clients to set up SMSFs to facilitate the purchase of investment properties in Australia without holding an AFSL," ASIC said. "Mr Gardner, as the ... |
| | | | ... backwards, but it's losing the growth war to not-for-profit funds so badly that it may as well be. And before it thinks SMSFs are its escape route, that sector is fast losing its premier mantle too. As for retail superannuation's regular business ... |
| | | | ... such as marina berths and indigenous artworks. Latest research from SuperConcepts reveals the big ticket items held within SMSFs. Gold and silver perform well, with some funds shelling out almost a quarter of a million dollars for the precious metals. ... |
| | | | ... announced it had raised about $3 million as it looked to convert its win in a Federal Court case which determined whether or not SMSFs could invest in its fund, even in the case where a related party was a tenant in the underlying property. |
| | | | ... owners LaGreca said, but the 5% cap rule applies on the value of the fund investments that are leased to the business. Some SMSFs that invested in ATMs with the aim of receiving regular income via flat monthly fees and fractional transaction fees have ... |
| | | | ... years, and any change that passes only create an uneven playing field and disincentivise Australians to build to their own SMSFs. He believes the proposal will likely significantly impact investors in the LICs who are low-income earnings and retirees ... |
| | | | ... and wound up two companies related to him following an ASIC investigation. Starting in 2008, Graeme Walter Miller advised SMSFs and other clients of CFS Private Wealth to transfer more than $4.7 million to a related company for investments from where ... |
| | | | The Productivity Commission's final report quoted SMSF costs at "close to double" of the actual cost of running SMSFs $500,000 or less in net assets, Class said. In July last year, Class made a submission to the PC saying APRA and ATO used different ... |
| | | | ... recognising the importance of advice providers who are appropriately educated," he said. The Commission revised the amount when SMSFs were deemed to be cost effective compared with large funds from $1 million to $500,000. "This is a far more realistic ... |
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