News

Administration, SMSF, Tax

Capital gain classification key to tax benefit

Capital gains Capital gains tax Offset capital gains tax deferred notional gains SMSF

The tax position of an SMSF can be maximised by recognising the types of capital gains ineligible to have the allowable discount applied to them.

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Australian Shares

Rate cuts to boost share market

Australian shares interest rates Ausbil

The Australian share market will outperform expectations in the 2024 and 2025 financial years, primarily due to anticipated cuts to interest rates as inflation falls.

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Compliance & Regulation, LRBA, Property

LRBAs not suitable for vacant land

LBRA vacant land compliance risk development unit trust

SMSF trustees could face a compliance issue should they use an LRBA to purchase vacant land through their fund.

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Compliance & Regulation, Regulation

Consumer compensation scheme in operation

CSLR AFCA Financial services industry Financial complaints

The Compensation Scheme of Last Resort for unpaid monies from AFCA determinations is now operational for consumers to use.

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Business news, Investments

Impact investing loses some appeal

Impact investing Returns Greenwashing

Difficult economic conditions are seeing a worldwide shift away from impact investing in favour of chasing higher portfolio returns.

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ATO, Compliance & Regulation, SMSF

A further 149 trustees banned

ATO SMSF trustees Banned and disqualified register Superannuation Industry (Supervision) (SIS) Act

Close to 150 SMSF trustees were disqualified in the December quarter 2023, marking a substantial decrease in barred trustees compared to the previous three-month period.

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Legislation, SMSF, SMSFA, Tax

New tax policy rushed and flawed

Division 296 tax SMSF Association Senate

Government plans to introduce a superannuation earnings tax for total super balances over $3 million have been rushed and remain flawed.

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International Shares, Investments

Global dividends surge

Global dividends Janus Henderson Investors

Global dividends paid out to shareholders hit record highs in 2023, with banks leading the way, despite a decline from mining giants.

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ATO, Compliance & Regulation, SMSF

Dob in illegal access advice

ATO Illegal early access Promoters SMSF Superannuation

Superannuants have been asked to report individuals who are encouraging illegal early access of retirement savings balances to the ATO.

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