Articles by Jason Spits

Legislation, Superannuation, Tax

Lower house passes Div 296 bill

Division 296 tax SMSF Association Bill House of Representatives

The Division 296 or $3 million soft cap bill will progress to the Senate after the government voted down amendments in the lower house.

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ATO, Compliance & Regulation, Property

Tardy related-party rent a compliance risk

Related-party Rent Sole purpose test Superannuation Industry (Supervision) (SIS) Act

SMSFs receiving rental income from a related party cannot allow these payments to fall behind in as it may represent a breach the sole purpose test.

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Investments, SMSF

Term deposit returns less than zero

Term deposit Interest rates SMSF Self-managed superannuation fund

Real returns from term deposits are currently less than zero and should prompt SMSF investors to look at other sources of fixed income.

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Administration

New cash account option for SMSFs

SMSF Self-managed superannuation Cash management account Australian Military Bank DIY Super Saver Dina Mok

A small bank servicing the defence sector has made its SMSF cash account available to any trustee with the promise of a more competitive interest rate.

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Regulation, SMSF

Residency rules misunderstood

Residency SMSF Central management and control test

SMSF trustees faced with spending time overseas are not properly adhering to the procedures regarding the central management and control rules.

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Australian Shares, Economy

Banks costly in momentum trend

Bank Equities Housing market Interest rates

Investors should be wary of Australian bank stocks, which are highly priced despite housing pressures and higher interest rates, and not buy into current market trends.

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Legislation, Pensions

Legacy pension fix announced

Legacy pensions Reserve allocations Stephen Jones

The government has released plans to address outstanding issues with legacy pensions including the ability to extinguish associated reserves.

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ASIC, Financial Advice

Former adviser jailed for dishonest conduct

SMSF adviser dishonest conduct Bradley Grimm ASIC Banning Ostrava Equities

Action to ban an adviser for dishonest conduct in 2016 has reached its conclusion with the former practitioner sentenced to 18 months’ imprisonment.

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Investments

Gold producers continue to shine

gold price gold developers mining companies Maple-Brown Abbott Phillip Hudak

The rising price of gold has made the asset more valuable, but has also driven up the shares of producers in the sector, including some small-cap Australian firms.

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ETFs

US treasury ETF from BlackRock

BlackRock Australia iShares US Treasury Bonds ETF ULTB James Waterworth Tamara Stats

Months after offering an Australian government bond ETF, Blackrock will also release a similar vehicle focused on US government bonds.

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Our Story

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