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Showing 31 - 40 of 269 results for "SMSF sector"

Caddick SMSF clients should recoup all funds: Lawyer

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... their super through their SMSF was regrettable," he said. ASIC and the Australian Taxation Office jointly regulate the SMSF sector; the ATO has the role of auditing SMSF auditors. Financial adviser misconduct in the SMSF space is rife. One example is ...

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
... analysis due to the way the tax return data is collated and reported. "It's not just farms - it applies across the SMSF sector. Individual tax returns are an unreliable data source from which to draw inferences on the asset holdings or liquidity ...

ASIC cracks down on 11 SMSF auditors

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
... were flagged and referred to ASIC by the ATO. "SMSF auditors have a critical role in upholding the integrity of the SMSF sector through annual audits," said ASIC deputy chair Sarah Court. Court highlighted that auditors are responsible for overseeing ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... over 722,000 SMSF members, provides the first real glimpse of the potential impact of the proposed tax change on the SMSF sector. Commenting on the release of the research study, University of Adelaide Professor Ralf Zurbruegg said the liquidity stress ...

Young Aussies flock to SMSFs

KARREN VERGARA  |  THURSDAY, 14 SEP 2023
... 65 have their entire balance in accumulation. "While this in part reflects the higher levels of engagement in the SMSF sector and likely the value of having access to financial advice, it also highlights that the superannuation sector collectively needs ...

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 ...