Articles by Darin Tyson-Chan

ATO

ATO issues commutation authority reminder

The ATO has issued a reminder to the SMSF sector as to how commutation authorities should be treated and acted upon. The regulator’s clarification came via CRT Alert 086/2018 and was in response to signs it was seeing where additional reporting obligations and adverse outcomes were arising directly from the treatment of commutation authorities. A […]

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Business news

Current imputation refund impost not accounted for

The Financial Services Council (FSC) has criticised the premise the Labor Party has used from a government expenditure perspective to justify its proposed policy of banning imputation credit refunds for certain retirees. The council used its submission to the House of Representatives Standing Committee on Economics inquiry on the matter to present a contrary view […]

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Residential Property

End-of-year rise in residential property vacancy rates

The latest SQM Research data has shown vacancy rates for residential properties increased during November, led by trends experienced by the capital cities on the east coast of Australia. The figures revealed the national residential vacancy rate jumped from 2 per cent in October to 2.3 per cent in November, with the total number of […]

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Compliance & Regulation

Regulator warns of Coffs Harbour shonks

The Australian Securities and Investments Commission (ASIC) has warned SMSF trustees to be wary of spruikers operating in the Coffs Harbour region who are promoting illegal early release of superannuation strategies. The operation involves encouraging individuals to establish an SMSF and roll their existing retirement savings into the new fund. From there, the new trustees […]

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ATO, Compliance & Regulation

ATO issues LCRs relating to legal amendments

The ATO has published two new law companion rulings (LCR) on its legal database addressing legislative amendments currently being considered by the federal Parliament. LCR 2018/D10 is a draft ruling revealing how the commissioner will apply the law as determined by the Treasury Laws Amendment (2018 Superannuation Measures No 1) Bill with respect to non-arm’s-length […]

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International Shares, Investments

Rating upgrade for Pan-Tribal fund

Research house Zenith Investment Partners has upgraded the rating awarded to the Pan-Tribal Global Equity Fund to highly recommended. According to Zenith, the improved assessment of the offering was based on the high regard it has for the manager’s investment team. “Our conviction in the fund is underpinned by the high regard we hold for […]

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Documentation, Estate Planning

Control of fund key to estate plan

The person who assumes control of an SMSF upon the death of a trustee or member is the most important factor in guaranteeing the benefits of the deceased are distributed to the desired recipients, a specialist SMSF lawyer has said.

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Investments

Fundamentals crucial in start-up investing

Individuals looking to invest in organisations that are in start-up phase must look at traditional company fundamentals to assess whether these entities will perform well and provide a good opportunity to enjoy solid returns, a financial commentator has said.

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Compliance & Regulation

Government moves to fix legal anomalies

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The federal government has announced it will be amending the current superannuation legislation to correct a few irregularities that have led to poor and inconsistent outcomes for SMSF trustees.

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Compliance & Regulation, Investments

Govt to launch franking credit inquiry website

The federal government will soon establish a website to encourage all concerned parties to express their views to the House of Representatives Standing Committee on Economics inquiry into the proposed removal of franking credit refunds for certain individuals.

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