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Showing 471 - 480 of 2554 results for "SMSF"

Dodgy SMSF operator loses appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... tax practitioner has been upheld by the Administrative Appeals Tribunal. Ashley Cross was found to have falsely lodged 125 SMSF annual returns over nine years which declared that self-managed superannuation funds (SMSFs) had been audited when in fact ...

Women boost SMSF balances

ANNABELLE DICKSON  |  WEDNESDAY, 10 MAR 2021
The average SMSF member balance for women has increased more than it has for men over a five-year period to the 2018/19 financial year, new data shows. The Australian Taxation Office's (ATO) annual statistical overview on SMSFs showed the average female ...

Class chief financial officer exits

ELIZA BAVIN  |  WEDNESDAY, 10 MAR 2021
... said Day was instrumental in the successful listing of Class, as well as helping to build its current market position in the SMSF administration sector. "We greatly appreciate Glenn's contribution to Class. We thank him for his commitment to our customers ...

Adviser levy to increase by 160%

ELIZABETH MCARTHUR  |  FRIDAY, 5 MAR 2021
... Australia and New Zealand, CPA Australia, Financial Planning Association of Australia, Institute of Public Accountants and the SMSF Association have now joined forces to slam the hike. They claim the steep increase - during a time when the financial ...

Retirement income framework on track: Frydenberg

KARREN VERGARA  |  FRIDAY, 26 FEB 2021
... improving retirement income depends on how the industry communicates with the public. Callaghan appeared alongside Kay and former SMSF Association chair Deborah Ralston, saying that the industry trades off the public's fears of not having enough ...

Crypto chosen over defensive assets

ANNABELLE DICKSON  |  WEDNESDAY, 24 FEB 2021
... around 10% of its client base. "Australian investors also followed international trends. We noted a five-fold increase in SMSF clients in 2020 and growing interest from corporate accounts," Bowler said. Over 83% of investors hold Bitcoin, followed by ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... interest has been capitalised because of COVID-19. This recent announcement by the Australian Tax Office was welcomed by the SMSF Association. SMSFA deputy chief executive and director of policy and education Peter Burgess said the option of capitalising ...

ASIC zeroes in on bad SMSF advice, conduct

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... sounding a warning that it is flexing its new powers in superannuation. ASIC commissioner Danielle Press told the recent SMSF Association's National Conference via video link that several key projects are progressing to address the poor advice and ...

HUB24, Netwealth top platform rankings

JAMIE WILLIAMSON  |  MONDAY, 22 FEB 2021
... competition, with HUB24's HUBConnect making strides to improve their client app experience, while BT Panorama are providing SMSF trustees with a view of their external assets from their connected accounting software," Investment Trends said. Choi said ...

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
... estimated $126 million in retirement savings being stopped from being rolled out of an APRA regulated account and rolled into an SMSF where potentially it could have been illegally accessed," Micale said. "We know illegal early release can come about ...