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Showing 1 - 10 of 2856 results for "Rather"

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... family law split value, meaning under the draft regulations it will require a different set of valuation factors to be used rather than the default law split factors, that appeared to be the intent of the regulations," SMSFA chief executive Peter Burgess ...

Fortnum, PFS launch parent company

KARREN VERGARA  |  MONDAY, 22 APR 2024
... 60,000 clients. "The name Entireti perfectly sums up what we are all about. It implies completeness as a unified group, rather than standalone parts. It also reflects our collective strength, community culture and robust foundation," Younger said. Entireti ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... between owners, such as where deductions on a jointly owned property are claimed by the owner with the higher taxable income, rather than jointly - will be targeted - together with holiday homes that aren't genuinely available for rent. Incorrect ...

'Licensee for hire' fined $1.25m by court

JAMIE WILLIAMSON  |  THURSDAY, 11 APR 2024
... petitioned for a $1.5 million fine. The judge also noted that the breaches were discovered due to ASIC's investigation rather than Lanterne self-reporting the issues, and that the conduct occurred in the aftermath of the Royal Commission. "Lanterne ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... that some insurers were reporting breaches and complaints in numbers far below what would be expected," McClelland said. "Rather than indicating perfect compliance, it suggests deficiencies in processes and systems for detection and reporting breaches ...

Super advice fee deductions compound red tape: JAWG

KARREN VERGARA  |  MONDAY, 8 APR 2024
... the fund". "This more targeted approach ensures the advice relates to the member's interest in the fund specifically, rather than to the member or their other interests more broadly," the explanatory memorandum shows. The fee charged against the ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... AFCA," he told the recent AFCA Member Forum. "This is not our preferred way of consumers engaging with AFCA. We would much rather they come to AFCA after they have engaged in the trustees' IDR process." More importantly, members who come straight ...

AFCA flags legal uncertainty on SMSF wholesale test

KARREN VERGARA  |  THURSDAY, 28 MAR 2024
... that relates to a superannuation product - being the SMSF? Does that also mean that the $10 million assets test applies rather than the general test? "This doesn't preclude consideration of whether a client might be a sophisticated investor, which ...

Platinum bleeds $1.4bn in outflows

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2024
... rebalance its exposure away from benchmark agnostic global equity managers. "As such, we do not expect the account to close but rather to see a reduction in mandate size," Platinum said. "These events, together with some other institutional account changes ...

New SMSF solution for Islamic Australians launched

ELIZA BAVIN  |  MONDAY, 25 MAR 2024
... Musharaka principles. Money borrowed to buy the property, which was placed in an SMSF, was repaid as rent and dividends rather than interest. The SMSF initiative follows Meezan's launch of a low-cost digital investing solution for the wider Australian ...
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