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Showing 1 - 10 of 81 results for "SMSFA"

Peter Burgess to become SMSFA chief executive

CHLOE WALKER  |  WEDNESDAY, 27 JUL 2022
... But most of all, I am passionate about our members and helping them to provide the best SMSF advice they can," he said. SMSFA chair Scott Hay-Bartlem said the association is extremely fortunate to have someone of Burgess' calibre to succeed Maroney. ...

SMSFA collaborates with APRA on rollover improvements

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
... clarify what documents are required by the APRA regulated fund to satisfy their bank account verification requirements. The SMSFA now meets with the APRA regulated fund sector on a regular basis, he added. Positively, the APRA regulated fund sector is ...

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
... least trustees should be given an opportunity to rectify the transaction if NALE arose from an inadvertent mistake." The SMSFA added that the ATO has previously stated that if it's a general expense that is not on arm's length terms, and it relates to ...

FPA is the preferred association: Research

KARREN VERGARA  |  WEDNESDAY, 16 MAR 2022
... advisers who are members of the AFA. The SMSF Adviser Network and RI Advice (32 respectively) are the biggest networks for the SMSFA, while the AIOFP has a large cohort from Interprac (62).

SMSFA welcomes ATO adjustments

CHLOE WALKER  |  THURSDAY, 24 FEB 2022
The SMSF Association has welcomed adjustments made by the Australian Tax Office (ATO) to align its SMSF performance calculations more closely with the methodology used for APRA-regulated funds. In its 2019-20 SMSF statistical overview report, the ATO ...

ATO underestimates SMSF performance: Report

CHLOE WALKER  |  WEDNESDAY, 16 FEB 2022
A new report from the Self-Managed Superannuation Fund Association (SMSFA) and the University of Adelaide has found the Australian Taxation Office is increasingly underestimating the performance of SMSFs. The SMSFA and the University of Adelaide's International ...

Inquiry criticises gaps in CSLR

KARREN VERGARA  |  MONDAY, 31 JAN 2022
... association is backing for professional indemnity insurance to play a bigger role in the broader compensation framework. SMSFA chief executive John Maroney said that PII "is a vital component" for the long-term financial sustainability of the CSLR as ...

Auditor referral threshold test troubling: SMSFA

ANNABELLE DICKSON  |  MONDAY, 13 SEP 2021
... Standards Board introduced draft amendments to the APES 110 Code of Ethics for accountants, outlining the threshold. The SMSFA believes if there is a threshold test to apply, it should be 30% in respect of total fees from multiple audit clients referred ...

SMSFA adds to board

ANNABELLE DICKSON  |  WEDNESDAY, 21 JUL 2021
... board. Deborah Ralston and Bryan Ashenden have been appointed as non-executive directors. Ralston previously joined the SMSFA board in 2016 and later in 2018 was appointed chair. She was forced to step down from her position to avoid any perceived conflict ...

SMSFs given small LRBA win

KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... capitalised because of COVID-19. This recent announcement by the Australian Tax Office was welcomed by the SMSF Association. SMSFA deputy chief executive and director of policy and education Peter Burgess said the option of capitalising interest in circumstances ...
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