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Showing 21 - 30 of 269 results for "SMSF sector"

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... over the year to September 2024," APRA said. Part of the overall increase in superannuation assets was due to the SMSF sector surpassing the $1 trillion mark. Fresh data from the Australian Taxation Office found total assets held in SMSFs hit $1.02 trillion. ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... that can determine such at an individual level is lazy policy at best." Ali said the legislation would punish the SMSF sector disproportionately and said he was pleased the Senate had pushed back against the policy. "Unless the government agrees to amendments ...

$3m super tax edges closer to reality

MATTHEW WAI  |  THURSDAY, 10 OCT 2024
... no indexation will also have a devastating impact on the venture and start-up sectors that rely so heavily on the SMSF sector for funding," he added. "At a time when we need to lift economic growth, these sectors are a critical driver of productivity ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... that ASIC announced it acted against in March 2024. "SMSF auditors are key gatekeepers responsible for the growing SMSF sector, providing assurance for 625,609 SMSFs with total estimated assets of over $990 billion," ASIC said. "SMSF auditors are crucial ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... management Leah Sciacca warned financial advisers that they have a critical role to play in stemming misconduct in the SMSF sector more than ever. This comes to light at a time when the ATO and ASIC remain vigilant against the illegal early access of ...

SMSFA reappoints Hay-Bartlem as chair

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... workgroup. Hay-Bartlem said he is "honoured to be asked to remain in the role, especially at a challenging time for the SMSF sector." "We are still negotiating with all interested parties over the government's proposed new tax on SMSF balances exceeding ...

Superannuation fund returns underperformed SMSFs: Research

ANDREW MCKEAN  |  WEDNESDAY, 14 FEB 2024
Investment returns for APRA-regulated superannuation funds lagged self-managed super funds (SMSFs) by 4.1% in the 2021-22 financial year, according to the University of Adelaide. During this period, while the S&P/ASX 200 index declined by more than ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... sector and what might be in our future," Heffron said. Joining Heffron on the panel, Holding up the mirror - what the SMSF sector does well and where it needs to level up, are SMSF Association chief executive Peter Burgess, Class chief executive Tim ...

SMSF scammers charged with criminal offences

KARREN VERGARA  |  WEDNESDAY, 7 FEB 2024
... $900 billion. "In this privileged position, they play a key role in upholding the integrity and confidence of the SMSF sector. ASIC will continue to take action where conduct falls short," she said.

SMSFA prepares delegates for major super tax reform

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... for high-net-worth clients." Day one kicks off with a thought leadership breakfast: Holding up the mirror - what the SMSF sector does well and where it needs to level up. SMSFA chief executive Peter Burgess will be joined by Heffron Consulting managing ...