News

Small related-party loan can be LRBA safety net

January 30, 2015

An SMSF strategy expert has recommended trustees with a limited recourse borrowing arrangement (LRBA) in place set up a small related-party loan as a safety measure to guard against the uncertainty surrounding the current superannuation gearing rules.

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Compliance & Regulation

Favourable developments to excess NCC refunds

January 30, 2015

Darin Tyson-Chan

Changes made late last year to the draft legislation tabled in parliament governing the refund of excess non-concessional contributions (NCC) have provided further clarity on how the rules will operate and a positive result for SMSF trustees already drawing a pension.

Perpetuity rules mustn’t be overlooked

January 30, 2015

Krystine Lumanta

SMSF trust deeds must be checked thoroughly for vesting dates as shorter perpetuity periods were not unheard of, according to an expert SMSF lawyer.

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Direct Domestic Shares, Economy

Stock selection the key to 2015 domestic shares

January 30, 2015

Darin Tyson-Chan

The Australian economy is facing some challenging times in the coming year due to the end of the commodities boom, but good investment opportunities will still present themselves in other areas, according to a global fund manager.

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Compliance & Regulation

Identification, communication keys to contraventions

January 30, 2015

Darin Tyson-Chan

A leading law firm has advised proactive action within an SMSF and communication with the Australian Taxation Office are the most effective means of dealing with a fund contravention.

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Compliance & Regulation

FSI proposes banning of LRBAs

December 22, 2014

Darin Tyson-Chan

Limited recourse borrowing arrangements (LRBA) used to acquire assets within superannuation will be scrapped if the recommendations of the Financial System Inquiry (FSI) report are followed.

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Commercial Property

Property strong in inner-city Melbourne

December 22, 2014

Darin Tyson-Chan

A recent property study has shown four inner-city suburbs of Melbourne are currently offering strong investment opportunities.

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Investments

New securities rating service to help SMSFs

December 22, 2014

Darin Tyson-Chan

The Australian Securities Exchange has assigned an official debt securities rating service to a credit ratings house in a move that will help SMSF investors gain a better insight into the fixed income asset class.

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ATO

ATO pressing on with super garnishees

December 22, 2014

Darin Tyson-Chan

The Australian Taxation Office is continuing to exercise its ability to garnishee an individual’s superannuation benefits in an effort to recover any outstanding money owing to it.

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Business news

AMP Capital joins mFund

December 22, 2014

Elizabeth Somerville

AMP Capital has opened up channels for self-directed investors to diversify their portfolios by making six of its funds available through the Australian Securities Exchange’s (ASX) mFund Settlement Service.

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