The latest issue of Financial Standard now available as an e-newspaper

READ NOW

Search Results

Showing 1 - 10 of 15 results for "illegal early access"

ATO eyes SMSF illegal early access

KARREN VERGARA | THURSDAY, 28 AUG 2025

... those who illegally access SMSF funds. It's important you don't fall victim to the temptation of illegal early access schemes. The consequences can include additional tax, penalties, loss of retirement savings and disqualification as an SMSF ...

ASIC vigilant on bad SMSF advice

KARREN VERGARA | WEDNESDAY, 21 FEB 2024

... SMSF sector more than ever. This comes to light at a time when the ATO and ASIC remain vigilant against the illegal early access of superannuation that is especially rampant within the SMSF sector. Most SMSFs do the right thing, often with the assistance ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA | WEDNESDAY, 21 FEB 2024

The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA | FRIDAY, 21 APR 2023

... nevertheless ramping up its surveillance strategy in a bid to combat numerous risks, the most common being illegal early access. "Unfortunately, we are seeing an increasing number of trustees taking advantage of their direct access to their SMSF bank ...

Adviser jailed for illegal super access

KARREN VERGARA | WEDNESDAY, 24 NOV 2021

A former financial adviser was sentenced to jail for facilitating the illegal early access of clients' superannuation to the tune of $1.5 million. Victoria-based Ahmed Saad operated Saad Wealth Management between 10 April 2012 until 16 October 2017 ...

Early access to super scheme results in permanent ban

ELIZABETH MCARTHUR | WEDNESDAY, 11 MAR 2020

ASIC has permanently banned the man behind Superfunded, an illegal early access to superannuation scheme in Perth. Mark Goldenberg was chief operating officer, general manager and property analyst of Superfunded. His scheme enabled people to use their ...

SMSF scheme sees creator jailed

ELIZA BAVIN | WEDNESDAY, 23 OCT 2019

... ATO Assistant Commissioner Ian Read said the sentence handed down demonstrates that promoters who encourage illegal early access to superannuation will be held accountable. "While the majority of SMSFs do the right thing, this case serves as a reminder ...

ATO cold calling to test SMSF trustees

LAURA MILLAN | FRIDAY, 5 DEC 2014

... it contacts trustees when data indicates that an SMSF is being established "for the purpose of obtaining illegal early access to superannuation benefits." Newly-registered funds that have not met their lodgement obligation in the first year are also ...

Stop illegal early release of super: ASIC

ASIC RELEASE | TUESDAY, 1 SEP 2009

... the current market conditions are contributing to an increase in the number of people attempting to gain illegal early access to their superannuation, the regulator said in a media statement. "ASIC is appealing to trustees of regulated super funds and ...

ATO relays transitional rules concerns

MICHAEL HOBBS | FRIDAY, 17 APR 2009

... Professionals' Association of Australia (SPAA) conference where D'Ascenzo, said the tax office is targeting illegal early access to retirement savings and stepping up its compliance activities.

PAGE:

Australian Unity to shed 195 roles

MATTHEW WAI

Australian Unity is reducing its workforce by 195 positions due to underperformance stemming from delays in government support for its Home Health platform and the integration of several businesses.

Count shutters limited-advice business, slips in size ranking

MATTHEW WAI

Count Financial has reportedly wound up its restricted SMSF/limited-advice service, losing some 26 advisers on the Financial Adviser Register, latest data shows.

First Super recruits head of investments from Prime Super

MATTHEW WAI

First Super has appointed a new head of investments, replacing Chris Artis, who was in the position for the past three months on an interim basis.

BMO eyes Euroz Hartleys' capital markets business

KARREN VERGARA

Euroz Hartleys confirmed it is in discussions with Canada's BMO Financial Group for a potential sale of its capital markets business for $145 million.

Videos

Brought to you by

A guaranteed future

The market has changed. The opportunity hasn't.

Maintaining a fundamental focus in a world obsessed with the short term

SMILE through retirement - tackling the top 5 (Sequencing, Market, Inflation, Longevity, Emotion) retirements risks

Strength amid noise

Follow the leaders

Global economic outlook and the case for local currency emerging market debt: Resilience, risk, and opportunity

MORE VIDEOS

Products

'Guide To' Series

Pocket investment guides featuring adviser case studies and a glossary.

MORE INFO

Publisher's Forum

Investing trends and strategies from the industry’s thought leaders.

MORE INFO

Product Showcases

Putting the spotlight on investment products that matter.

MORE INFO

Expert Feed

Christian Mueller-Glissmann

Head of Asset Allocation Research

Goldman Sachs

When geopolitics becomes a portfolio risk

Geopolitics is back - again - and Australian investors can no longer treat it as distant background noise.

READ MORE

Tania Milnes

General Manager Membership

Financial Advice Association Australia

Does association membership still matter?

With all the changes the advice sector has experienced in recent years, such as regulatory reform and increased education and professional standards ...

READ MORE