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Showing 371 - 380 of 1383 results for "SMSFs"

Accountant banned for bad SMSF advice

HARRISON WORLEY  |  TUESDAY, 19 FEB 2019
... 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. ...

Adviser asked to cover regulator costs

KANIKA SOOD  |  MONDAY, 18 FEB 2019
... 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 ...

OPINION: Post RC, where to now for retail super?

ALEX DUNNIN  |  MONDAY, 4 FEB 2019
... 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 ...

SMSF investments reach far and wide

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
... 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. ...

DomaCom partners with big four bank

HARRISON WORLEY  |  FRIDAY, 1 FEB 2019
... 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.

Quirky SMSF investments unveiled

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
... 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 ...

LICs defy franking credit refund changes

KARREN VERGARA  |  TUESDAY, 22 JAN 2019
... 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 ...

NSW adviser banned for 25 years

KANIKA SOOD  |  TUESDAY, 22 JAN 2019
... 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 ...

SMSF returns not accurate in Productivity Commission report

KANIKA SOOD  |  MONDAY, 21 JAN 2019
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 ...

Superannuation reforms splits opinion: Spot poll

KARREN VERGARA  |  MONDAY, 14 JAN 2019
... 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 ...