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Showing 31 - 40 of 264 results for "SMSF sector"

ASIC continues to reprimand SMSF auditors

CHLOE WALKER  |  MONDAY, 24 JUL 2023
... the independence and auditing standards, or whose conduct called into question the integrity of SMSF audits. "The SMSF sector holds more than $865 billion in assets in over 600,000 funds and it is crucial that SMSF auditors comply with their regulatory ...

SMSFs brace for more reforms: Expert

KARREN VERGARA  |  TUESDAY, 20 JUN 2023
... indexation of caps, transfer balance and total super balance caps," he said. Despite the constant change within the SMSF sector, Markwick said members and trustees should adhere to the current rules - and not those yet to be regulated or legislated. ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... how much," Burgess explained. "This may sound like a simple task, but the reality is in a dynamic market such as the SMSF sector there can be significant variation in the services provided, particularly when it involves related entities, so determining ...

SMSFs weather market storms: Report

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... of their assets invested in cash, accounts for much of the performance differentials. The headline return for the SMSF sector for 2019/20 was -0.6% and 14.8% in 2020/21, compared to -1.2% and 16% over the same period for APRA-regulated funds. Accumulation ...

SMSF Association names head of membership

CHLOE WALKER  |  TUESDAY, 18 APR 2023
... his deep understanding of the association's values and members makes him an outstanding addition to the team. "The SMSF sector continues to grow strongly and along with it the demand for SMSF specialist advice," he said. "So having someone like Neil ...

SMSF sector hit the reset button: Research

CHLOE WALKER  |  TUESDAY, 28 FEB 2023
... sums, but this ratio has tripled to 42% in 2022, it said. The amount of money being transferred into and out of the SMSF sector has also held up, even increasing slightly. Last year, the value of capital transferred into SMSFs was at pre-TBC levels ...

FPA, SMSFA launch specialist pathway

CHLOE WALKER  |  THURSDAY, 2 FEB 2023
... recognition of the rigorous training and education already completed by CFPs. "The SSA designation is highly regarded in the SMSF sector, and this express pathway offers our CFP members who work in this area a cheaper and faster way to be recognised ...

ASIC abandons $500k SMSF threshold

ANDREW MCKEAN  |  FRIDAY, 9 DEC 2022
... uncompetitive compared with APRA-regulated funds was at odds with research conducted on a sizeable proportion of the SMSF sector," Burgess said. "It's worth repeating that research found no material differences in performance patterns for SMSFs between ...

SMSF auditors in hot water

CHLOE WALKER  |  WEDNESDAY, 30 NOV 2022
... reprimanded. ASIC commissioner Sean Hughes said: "SMSF auditors have a fundamental role in promoting confidence in the SMSF sector." "ASIC will apply a range of regulatory tools against SMSF auditors who fail to meet the independence and auditing standards ...

SMSFA calls for budget amendments

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... chief executive John Maroney highlighted several key measures that remain outstanding and are "significant" for the SMSF sector. "They relate to the two-year amnesty for legacy pensions conversions and the removal of the active member test and the extension ...