News

ASF, Super Auditors announce merger

August 17, 2017

Adelaide-based SMSF audit firm ASF Audits has announced it will merge with fellow independent SMSF audit firm Super Auditors, bringing the combined number of SMSFs serviced under the new business to more than 12,000.

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Compliance & Regulation

CGT relief to be reported separately

July 17, 2017

Darin Tyson-Chan

SMSF advisers and trustees must be aware that notifying the ATO about the use of the capital gains tax (CGT) relief provisions, included as part of the superannuation reforms introduced on 1 July, cannot be done via the annual return of the fund.

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Strategy

TBC only a transitional arrangement: Morrison

July 13, 2017

Darin Tyson-Chan

Federal Treasurer Scott Morrison has used a recent SMSF community address to emphasise the transfer balance cap introduced on 1 July should be regarded as a transitional measure only.

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ATO

ATO dislikes two-fund strategy

July 13, 2017

Darin Tyson-Chan

The ATO has officially declared its dislike of running two SMSFs in conjunction with one another as a method by which to manage and comply with the newly imposed $1.6 million transfer balance cap in video content it has released with the SMSF Association.

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Fixed Income

Active fixed income key going forward

July 13, 2017

Krystine Lumanta

The latest Zenith Investment Partners review into the Australian fixed interest sector has concluded managers employing a range of strategies are most likely to produce the best returns.

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Investments

Sustainable platform offers transparency

July 13, 2017

Krystine Lumanta

A new platform that allows users to research sustainable investments will provide a high level of transparency to SMSFs and give trustees the opportunity to know whether investments matched their sustainability objectives, according to a sector manager.

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Compliance & Regulation

Problems with low-cost audits pinpointed

July 13, 2017

Darin Tyson-Chan

The ATO has identified a number of issues associated with low-cost SMSF audits after carefully reviewing these services in the 2017 financial year.

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International Shares

More global market exposure from ASX

July 13, 2017

Darin Tyson-Chan

The Australian Securities Exchange (ASX) is continuing to provide SMSF investors with access to overseas markets through its increasing range of products such as exchange-traded funds (ETF) and listed investment companies (LIC), according a senior executive in the organisation.

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Compliance & Regulation

Real-time reporting date firms

July 13, 2017

Darin Tyson-Chan

Real-time reporting for SMSFs is likely to be introduced in May or June next year, but should not be overly onerous for the majority of trustees, a technical expert in the industry has said.

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Investments

Banks still a good investment

July 9, 2017

Darin Tyson-Chan

Fund managers participating in a panel session about the domestic banking sector at the recent Australian Shareholders Association 2017 Conference have confirmed their conviction these financial institutions remain good investment prospects.

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