News : Compliance & Regulation

Govt tables third tranche of draft super laws

November 8, 2016

The federal government has released the final tranche of exposure draft legislation and explanatory material for the superannuation reforms first announced in the 2016 budget.

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Compliance & Regulation

Two of three super tranches tabled

October 6, 2016

Krystine Lumanta

The federal government has released two out of three tranches of exposure draft legislation for superannuation reforms that were announced in the 2016 federal budget.

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ATO, Compliance & Regulation

ATO targeting serious non-compliance

October 6, 2016

Darin Tyson-Chan

The ATO will concentrate on cases of serious non-compliance from SMSFs in the coming financial year.

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Compliance & Regulation

Govt scraps lifetime cap

October 6, 2016

Krystine Lumanta

The federal government has changed the proposed super legislation, replacing the $500,000 lifetime non-concessional contributions cap with a yearly limit of $100,000.

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Business news, Compliance & Regulation

SMSF fraudster sentenced to jail

October 6, 2016

Krystine Lumanta

The County Court of Victoria has convicted and sentenced Barry Patrick to six years and three months imprisonment after he pleaded guilty to six charges following an investigation by ASIC.

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Compliance & Regulation

Govt replaces $500k NCC cap

September 15, 2016

Krystine Lumanta

The government has changed the proposed super legislation replacing the $500,000 lifetime non-concessional contributions cap with a yearly limit of $100,000.

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Compliance & Regulation

Govt slams Labor’s “retrograde” super plan

September 7, 2016

Krystine Lumanta

Federal Revenue and Financial Services Minister Kelly O’Dwyer has branded the super policy of opposition leader Bill Shorten backwards and an attack on aspirational Australians trying to save for their retirement.

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Compliance & Regulation

ASIC cracks down on property spruiker

September 7, 2016

Krystine Lumanta

The Australian Securities and Investments Commission (ASIC) has banned Park Trent Properties Group chief executive and director Ronald Cross from providing financial services for four years, after it was found he extensively and illegally publicised the purchase of investment properties through an SMSF to clients.

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Compliance & Regulation

ALP pledges to address retrospectivity

August 15, 2016

Darin Tyson-Chan

The federal opposition has promised to address the retrospective nature of the proposed changes to the superannuation system contained in the 2016 budget.

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Compliance & Regulation

Super consultation process to commence

August 15, 2016

Darin Tyson-Chan

Revenue and Financial Services Minister Kelly O’Dwyer has revealed the consultation process regarding exposure draft legislation for the proposed changes to the superannuation framework will begin very soon.

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