News

Annual returns get time extension

February 9, 2018

The ATO has announced a time extension will apply to SMSF annual returns relating to the 2017 financial year due to the changed reporting circumstances arising from the super reforms.

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Compliance & Regulation

Federal Court upholds in-house asset stance

January 9, 2018

Darin Tyson-Chan

The Federal Court has ruled a situation where an SMSF invests in property through a sub-fund where that property is subsequently leased to a related party will still be captured by the existing in-house asset rul

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Compliance & Regulation

Legitimate early release of super under review

January 9, 2018

Darin Tyson-Chan

Revenue and Financial Services Minister Kelly O’Dwyer has announced Treasury will review the rules controlling the early release of superannuation on severe financial hardship and compassionate grounds.

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Cryptocurrency

Cryptocurrency fund launched

January 9, 2018

Sarah Kendall

A hedge fund industry veteran has partnered with ANZ’s former head of global markets to launch Australia’s first cryptocurrency-focused managed fund, which will give sophisticated investors exposure to emerging digital currencies with the potential for a 30 per cent annual return.

Sydney vacancy rate shows sharp rise

January 9, 2018

Malavika Santhebennur

The residential vacancy rate increased significantly in Sydney in November compared to other Australian capital cities, while the national residential vacancy rate rose only slightly to 2.2 per cent, according to SQM Research.

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Economy

Economy shows trend growth

January 9, 2018

Malavika Santhebennur

Solid major trading partner growth and pending public infrastructure work will cushion the end of the most recent housing boom, while business investment is also poised to become a source of growth, Janus Henderson Investors has predicted.

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Compliance & Regulation

Valuation due diligence a trustee duty

January 9, 2018

Krystine Lumanta

Trustees must undertake reasonable steps to ensure an SMSF’s assets and investments can be valued fairly and objectively ahead of adding them to the fund, a technical expert has warned.

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Compliance & Regulation

Total super balance key TBAR timing factor

January 9, 2018

Darin Tyson-Chan

The total super balance of the individual members of an SMSF is the determining factor of how often a particular fund will have to complete a transfer balance account report (TBAR), rather than the total super balance of the member who is drawing a pension.

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Compliance & Regulation

Change of trustee a negligence risk

December 8, 2017

Krystine Lumanta

An SMSF change of trustee document could be a “time bomb” if not properly drafted by a lawyer, due to the numerous hurdles to overcome in order to ensure a valid removal and alteration.

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Infrastructure

Interest rate rises favour infrastructure

December 8, 2017

Malavika Santhebennur

The common investment view that infrastructure assets are bond proxies that will not perform well when interest rates rise is overly simplistic, according to RARE Infrastructure.

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