News

ATO

ATO has close to no TBC discretion

September 7, 2017

It is important for SMSF trustees to ensure their funds do not exceed the newly implemented transfer balance cap (TBC) due to the restricted parameters the ATO has to operate under when enforcing this requirement, the regulator has said.

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Business news

Excellence rewarded for 2017

September 7, 2017

Darin Tyson-Chan

The best operators within the industry were once again recognised at the 2017 SMSF Service Providers Awards co-hosted by selfmanagedsuper and research house CoreData.

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Residential Property

Residential property listings drop

September 7, 2017

Darin Tyson-Chan

The latest SQM Research analysis of the residential property market showed a fall in listings in July by 5.1 per cent and by 9 per cent in year-on-year terms across all capital cities.

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Retirement

Retirees shouldering growing cost of living

September 7, 2017

Daniel Paperny

Rising costs of living were impacting on Australian retirees, with couples needing to fork out over $60,000 a year for a comfortable retirement, according to new figures from the Association of Superannuation Funds of Australia (ASFA).

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ATO

ATO proposes TBAR time frame options

September 7, 2017

Krystine Lumanta

The ATO has released a position paper requesting industry feedback on two possible time frame scenarios for SMSFs for events-based reporting under its transfer balance account report (TBAR) regime.

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LICs

Magellan floats new global equities LIC

September 7, 2017

Darin Tyson-Chan

Magellan Asset Management has launched a listed investment company (LIC) offering individuals the chance to invest in a focused portfolio of international equities.

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Investments

Opportunities result from geopolitical risk

September 7, 2017

Darin Tyson-Chan

Good investment opportunities are arising in global credit markets in the wake of geopolitical risks around the world, a specialist fund manager has said.

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Investments

Ignore short-term reporting season woes

September 7, 2017

Darin Tyson-Chan

A mid-tier chartered accounting firm has warned investors not to allow negative noise stemming from the latest company reporting season to disrupt their long-term wealth-building strategies.

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Compliance & Regulation

Auditor banned over independence issues

August 17, 2017

Darin Tyson-Chan

John Evennett, from New South Wales, has been disqualified from being an approved SMSF auditor by the Australian Securities and Investments Commission (ASIC).

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ATO

ATO clarifies TBAR rules

August 17, 2017

Krystine Lumanta

ATO SMSF segment assistant commissioner Kasey Macfarlane has addressed industry confusion over what must be reported under the transfer balance account report (TBAR) regime, in addition to outlining potential risks around the 2018 transition date for SMSFs.

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