News

Legislation, Tax

Original Div 296 bill not certain

Division 296 tax Parliament LRBA Limited recourse borrowing arrangement Peter Burgess

The SMSF Association has predicted there is an even chance the proposed Division 296 tax bill will be amended over concerns relating to its calculation method and unrealised gains.

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Australian Shares, Business news, Investments

Current-year IPO activity very low

Initial public offer IPO HLB Mann Judd

Pervading economic factors have resulted in low levels of activity from the IPO market in the first half of 2024.

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International Shares, Investments

Smaller Asian markets set for strong return

Asian economies Man GLG Inflation Interest rates

Smaller Asian economies reliant on the US to drop its interest rates are set to do well when they fall as their share markets have become underpriced and overlooked for a long period.

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Legislation, SMSF, Strategy, Tax

Withdrawals can determine $3m cap liability

Withdrawal Total superannuation balance Division 296 tax DBA Lawyers Bryce Figot

SMSF drawdowns can allow members to maintain a total super balance of $3 million or less and escape a Division 296 tax liability.

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Bonds, Investments

Bonds primed for rebound after rate cuts

Bonds Corporate bonds Income Asset Management Interest rate Cuts

Interest rate cuts due by the end of the year are expected to spark renewed investor interest in the corporate bond market.

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Superannuation, Tax

Early election could delay new tax

Division 296 tax Treasury Laws Amendment (Better Targeted Superannuation Concessions and Other Measures) bill SMSF Self-managed superannuation SMSF Association NALE

The proposed Division 296 tax may not pass through parliament until 2025 if an election is announced in August.

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Retirement, Superannuation

Post-retirement employment fine

SMSF Self-managed superannuation Condition of release definition of retirement

Starting a new job after having legally retired will not mean a person will lose the tax benefits from an existing income stream.

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ETFs, International Shares, Investments

US tech attraction not based on value

Index investing Valuations US market Talaria Capital Chad Padowitz Max Welby

Index investors flocking to the US tech sector are not considering the underlying values of these stocks and are being drawn in by exuberance and momentum.

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ATO, Compliance & Regulation, SMSF, Tax

New trust reporting rules in effect

SMSF Self-managed superannuation Unit trust Modernisation of Trust Administration Systems Annual return SMSF Association Tracey Scotchbrook

New ATO reporting rules for SMSFs receiving trust distributions are now in effect, impacting lodgements for the 2024 income year onwards.

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