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Showing 1 - 10 of 96 results for "SMSFA"

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... income for a dignified retirement, alongside government support, in an equitable and sustainable way." The SMSF Association (SMSFA) slammed the proposed changes to the bills, calling them "significant and complex". "This is a policy that has been rushed ...

New caps can increase super contributions: SMSFA

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... Stage 3 tax cuts and mean that some may have additional disposable income to contribute more to super. Burgess told the SMSFA National Conference that the proposed 30% taxation on $3 million super balances could become law by June 30 this year. "The ...

Teals will push for super tax indexation: Burgess

CHLOE WALKER  |  THURSDAY, 22 FEB 2024
... Teal independents intend to force an amendment ensuring it is indexed. Providing a legislative and technical update at the SMSFA National Conference this morning, chief executive Peter Burgess said the association has run the numbers and it doesn't ...

SMSFA reappoints Hay-Bartlem as chair

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The SMSF Association announced that Scott Hay-Bartlem has been reappointed as its chair and will serve another two years. Hay-Bartlem joined the association as a director in July 2019 and was appointed chair in February 2022. With a background in law ...

Reforms will strengthen retirement advice: Experts

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
... triage mechanism is," she said. She described it as an "advice intervention" akin to the design and distribution obligations. SMSFA chief executive Peter Burgess, who also appeared on the thought leadership panel, would like to see the QAR extend to ...

Conference to address major SMSF issues

KARREN VERGARA  |  TUESDAY, 13 FEB 2024
... as well as learn about critical issues affecting the sector from a suite of experts, according to the SMSF Association (SMSFA). Heffron SMSF Solutions managing director Meg Heffron will be taking part in a panel at the annual SMSFA conference, which ...

SMSFA prepares delegates for major super tax reform

KARREN VERGARA  |  MONDAY, 5 FEB 2024
... year's National Conference, particularly as major reforms such as the $3 million superannuation tax changes loom. The SMSFA will host its flagship event at the Brisbane Convention and Exhibition Centre (BCEC) between February 21 and 23, with this ...

Super tax change to impact SMSF members: Research

CASSANDRA BALDINI  |  WEDNESDAY, 11 OCT 2023
... International Centre for Financial Services (ICFS) at the University of Adelaide and commissioned by the SMSF Association (SMSFA), it is expected that members whose additional tax liability averages over $80,000 during FY20 and FY22 will experience an ...

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... SMSFs, this new tax could drive up their costs substantially at a time of unprecedented cost of living increases," said SMSFA chief executive Peter Burgess. "Therefore, it's important the full impact on taxpayers, including small business owners and ...

NALI measure receives mixed response

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAY 2023
... it involves related entities, so determining a 'market rate' can be difficult, costly, and often subjective." The SMSFA remains of the view that the 2019 NALI changes were an overreach, he added. As for APRA-regulated funds, Association of Superannuation ...
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