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Showing 61 - 70 of 2369 results for "SMSF"

Super fund fees now at record low: Data

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
Superannuation fees in Australia have reached a historic low, with the total expense ratio averaging 0.93% per annum, as per research from Rainmaker Information. Rainmaker Information's analysis of over 1500 superannuation fund fee options, spread across ...

Caddick victims sue auditors in class action

KARREN VERGARA  |  MONDAY, 30 OCT 2023
... fraudulent activities. Twenty-four victims, together with the help of Melbourne-based law firm Mackay Chapman, are suing the SMSF auditors who allegedly failed to pick up that the assets Caddick invested never existed when reviewing the annual financial ...

Government to amend transfer balance cap laws

ANDREW MCKEAN  |  FRIDAY, 27 OCT 2023
... inadvertently affecting their transfer balance cap. Notably, the amendments will apply retrospectively from 1 July 2017. Heffron SMSF Solutions managing director Meg Heffron told Financial Standard that the government's announcement was "very welcome ...

CrowdProperty opens to retail investors

CHLOE WALKER  |  MONDAY, 23 OCT 2023
Previously limited to wholesale and institutional investors, residential real estate debt investment platform CrowdProperty Australia is now accessible to everyday investors. CrowdProperty, which has operated in Australia since 2021, matches investor ...

Pepper Money launches SMSF loan offering

CASSANDRA BALDINI  |  MONDAY, 23 OCT 2023
... rates starting from 8.69%. According to the non-bank lender, it identified an opportunity in the market following ATO's SMSF June 2023 quarterly statistical report. The report found that SMSFs hold an estimated $876.4 billion in total assets and ...

ASIC cracks down on 11 SMSF auditors

ANDREW MCKEAN  |  WEDNESDAY, 11 OCT 2023
ASIC has acted against 11 SMSF auditors for conduct shortcomings and violating obligations in the quarter ending September 30. The corporate regulator's action was spurred by the auditors' failures in meeting assurance standards, independence requirements ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... tax on superannuation balances exceeding $3 million could adversely impact up to 50,000 self-managed super fund members (SMSF), including posing liquidity challenges. According to a recent report conducted by the International Centre for Financial Services ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... said. "Not only is Labor now coming for your super, Labor is also coming for the unrealised increased value of assets in a SMSF, which sets a dangerous precedent." On February 28, the government announced from 1 July 2025 a 30% concessional tax rate ...

AUSIEX, Saxo launch new adviser trading solution

CHLOE WALKER  |  THURSDAY, 28 SEP 2023
AUSIEX teamed up with Saxo Australia to deliver an integrated international trading solution for financial advisers. The partnership will allow financial advisers to directly trade and own international equities and exchange-traded funds (ETFs) across ...

Skynet adviser stole $10.2m: Court

KARREN VERGARA  |  THURSDAY, 28 SEP 2023
... superannuation accounts to self-managed superannuation funds he set up with the Commonwealth Bank (CBA). Nugara had access to the SMSF accounts to make property investments. Some of the victims were unaware that he had such access. Nugara would then ...