Articles by Krystine Lumanta

Fraudulent SMSF accountant charged

March 1, 2016

A former SMSF accountant has appeared before Sydney’s Downing Centre Local Court, charged with 23 criminal counts, including 12 counts of making false and misleading statements, following an ASIC investigation.

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Compliance & Regulation

Collectables deadline looming

February 8, 2016

Krystine Lumanta

SMSFs holding collectables or personal use assets have been prompted to ensure they are able to meet the new rule conditions commencing 30 June in order to remain complying.

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Business news

SMSFA launches trustee initiative

February 8, 2016

Krystine Lumanta

The SMSF Association has launched an online knowledge centre for SMSF trustees.

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Compliance & Regulation

ASIC imposes auditor crackdown

December 11, 2015

Krystine Lumanta

The Australian Securities and Investments Commission (ASIC) has intensified its compliance activity in regard to SMSF auditors, taking punitive action recently against three registered practitioners operating in the sector.

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Business news

Chi-X makes play for SMSF sector

December 11, 2015

Krystine Lumanta

Alternative trading platform Chi-X Australia has several plans in the pipeline specifically targeted at the SMSF sector, including warrants and indices to create exchange-traded funds (ETF).

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Compliance & Regulation

Industry applauds LRBA decision

November 6, 2015

Krystine Lumanta

The federal government has announced it does not agree with the Financial System Inquiry’s recommendation to prohibit limited recourse borrowing arrangements by superannuation funds.

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Compliance & Regulation

Collectables require action now

November 6, 2015

Krystine Lumanta

SMSFs holding collectables need to ensure they are compliant under the incoming regulations applicable from 1 July 2016, as the deadline did not leave much time for planning due to the nature of those assets, according to a specialist SMSF lawyer.

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ATO, Compliance & Regulation

ATO better defines residency rules

August 28, 2015

Krystine Lumanta

The ATO has recently clarified its position on residency rules applied to an Australian superannuation fund.

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Strategy

SMSF structural financing next big thing

August 5, 2015

Krystine Lumanta

Strategies around structural financing or capital funding were the next major pioneering stage for SMSFs, a sector expert has said.

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Infrastructure

Infrastructure for SMSFs to develop over time

May 29, 2015

Krystine Lumanta

The federal budget’s strong focus on future Australian infrastructure will help the SMSF sector access more opportunities in the asset class, however, these developments will not be felt immediately.

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