The latest issue of Financial Standard now available as an e-newspaper
|The Australian Taxation Office (ATO) has warned SMSF trustees of a new scheme it has uncovered that aims to avoid paying potential tax liabilities.|
|The Tax Practitioners Board (TPB) decision to terminate a Perth tax practitioner has been upheld by the Administrative Appeals Tribunal.|
|The average SMSF member balance for women has increased more than it has for men over a five-year period to the 2018/19 financial year, new data shows.|
|Self-managed super funds that borrowed from a private company under a limited recourse borrowing arrangement (LRBA) will not suffer adverse tax consequences if the loan interest has been capitalised because of COVID-19.|
|The corporate regulator continues to hunt down perpetrators that give bad advice to self-managed super funds, sounding a warning that it is flexing its new powers in superannuation.|
|The Australian Taxation Office (ATO) is focusing attention on new SMSFs registrations after identifying illegal release of super.|
|Self-managed superannuation funds are ahead of the game in terms of meeting the looming best financial interest rules, according to its peak body association.|
|The SMSF Association has welcomed a new law that will allow the partial commutation of legacy pensions.|
|The corporate regulator has initiated action against a fintech for allegedly misleading customers about the benefits of investing in residential property in self-managed superannuation funds.|
|The Australian Taxation Office assistant commissioner said he is focused on ensuring SMSFs remain a strong and credible retirement planning choice for Australians going forward.|
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
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