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Showing 81 - 90 of 2360 results for "SMSF"

Perth-based Ponzi scheme shut down by court

JAMIE WILLIAMSON  |  FRIDAY, 9 JUN 2023
A Perth woman has been permanently banned from running a financial services business, while the $11 million illegal investment scheme she ran will be wound up. Monica Kaur, through her business MKS Property Investments/Developments, encouraged around ...

Director charged over illegal investment scheme

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
A former financial adviser is facing several charges of dishonest conduct and dealing in proceeds of crime after he convinced clients to open SMSFs to invest in businesses he owned, all while operating unlicensed. Ashley Vincent Arandez fronted the ...

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... investor group comprising private equity firm Pemba Capital Partners and several advice industry executives is buying the SMSF administration business and its SuperMate solution. AMP is selling SuperConcepts to Pemba Capital Partners, which is co-investing ...

SMSFs continue to fly solo

KARREN VERGARA  |  WEDNESDAY, 7 JUN 2023
... need expertise on regulation changes and investments. This is according to the latest Vanguard and Investment Trends 2023 SMSF Report, which found that 160,000 trustees currently use the service of a financial adviser, up from 155,000 year on year. Looking ...

ASIC bans former Madison adviser

CASSANDRA BALDINI  |  TUESDAY, 6 JUN 2023
... recommending his clients roll over their existing superannuation to a newly established self-managed superannuation fund (SMSF) and borrow to invest in residential property. The regulator's surveillance of the former adviser looked at client files from ...

Senate Committee rethinks franking credit changes

ANDREW MCKEAN  |  TUESDAY, 6 JUN 2023
... dividend imputation because it promotes investment and the payment of corporate tax in Australia," he said. Meanwhile, the SMSF Association and Australian Shareholder Association (ASA) voiced relief over the Senate Committee's recommendations. SMSF Association ...

Super fund ASX dominance stable: Research

KARREN VERGARA  |  WEDNESDAY, 17 MAY 2023
Superannuation funds have maintained a steady foothold in Australian equities, owning 38% of the market capitalisation, new research from Rainmaker finds. This is broadly in line with the 37% ownership super funds held at the end of March 2021, split ...

High super balance tax needs work: Podcast

CASSANDRA BALDINI  |  THURSDAY, 11 MAY 2023
... number of people at the moment," said Hutton. "Over time it will apply to more and more people, particularly those who have an SMSF." Hutton further pointed out that it's misleading to say the tax rate will only jump from 15% to 30%. "The way it ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... remained firm in its plan to double the concessional tax rate from 15% to 30% for super balances above $3 million. However, the SMSF Association called for the government to reopen the consultation and said it needs more discussion. "If the government ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... rather than a tax anti-avoidance matter. CA ANZ will continue to advocate for our preferred solution," it said. Meanwhile, SMSF Association chief executive Peter Burgess said the measure is an improvement, though the use of a factor-based approach "is ...