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Showing 41 - 50 of 266 results for "SMSF sector"

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 ...

Females, millennials lead the way in SMSFs: Class

CHLOE WALKER  |  WEDNESDAY, 17 AUG 2022
... Australians are choosing SMSFs to help them meet their retirement objectives. "The Class Annual Benchmark Report shows the SMSF sector continues to grow as millennials become more engaged and interested in their financial future," he said. "The upward ...

Peter Burgess to become SMSFA chief executive

CHLOE WALKER  |  WEDNESDAY, 27 JUL 2022
... services and education. "I am thrilled to be offered the position of chief executive of the pre-eminent body in the SMSF sector," Burgess said. "I am passionate about the SMSF Association, and the work we do to uphold the integrity and sustainability ...

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... financial loss or damage as a result of the misleading representations, however ASIC deputy chair Sarah Court said: "The SMSF sector holds an estimated total value of assets of just over $876 billion. Misleading information about SMSFs can greatly impact ...

SMSFA collaborates with APRA on rollover improvements

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
The SMSF sector has been plagued with delays when rolling over funds from APRA regulated funds to SMSFs, so the industry body is working with the regulator with the hope of improving processes. SMSF Association deputy chief executive and director of ...

Member contributions lift super assets to $3.5tn

KARREN VERGARA  |  WEDNESDAY, 2 MAR 2022
... to $633.5 billion, while corporate funds added just $3 billion to sit at $61.1 billion at the end of 2021. In the SMSF sector, the Australian Tax Office's latest December 2021 quarterly figures reveal that 6788 funds were set up and only 163 shut ...

SMSFA welcomes ATO adjustments

CHLOE WALKER  |  THURSDAY, 24 FEB 2022
... been widely acknowledged that the ATO's calculation methodology used to calculate median investment returns for the SMSF sector underestimates the true performance of SMSFs relative to the APRA sector," SMSF Association chief executive John Maroney said. ...

SMSF sector grows 11%: ATO stats

JAMIE WILLIAMSON  |  TUESDAY, 22 FEB 2022
The latest annual figures from the ATO show the SMSF sector bounced back from the horrors of COVID-19 to add $80 billion in the year to 30 June 2021. Releasing data today, the ATO said total assets in SMSFs hit $822 billion at 30 June 2021. This is ...

SMSF Association appoints chair

CHLOE WALKER  |  FRIDAY, 18 FEB 2022
... in the footsteps of Hamilton. "For the association to have someone with three decades of active involvement in the SMSF sector, whether it be establishing and building the SMSF provider Cavendish Superannuation, managing director of AMP SMSF administration ...