News

Pensions

Legacy pension relief approved

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Government plans to allow the commutation of legacy pensions are now in force after proposed changes were given royal assent this month.

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Auditing, Property

Short-stay lodging docs expected

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Acceptable documentation for audit purposes is obtainable for short-stay accommodation properties held within an SMSF as proof of compliance.

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Investments, Property

REITS in good place for revival

Market conditions have aligned to create an environment in which REITs can bring solid returns that include a decent portion of income.

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ETFs

New fixed income ETFs listed

Income Asset Management has released two new single-bond ETFs for the retail market and flagged more would be released in the first half of next year.

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Business news

Merry Christmas and Happy New Year

The entire smstrusteenews team wishes all of its readers a very Merry Christmas and a happy, healthy and prosperous New Year.

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Legislation, Superannuation

Objective of super now law

The legislation to enshrine an objective for superannuation has passed through parliament as part of a flurry of bills approved before the Senate ended its business for the year.

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Auditing, Compliance & Regulation

Rectified breaches still require an ACR

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An SMSF compliance breach that has been rectified in the year in which it occurred will still have to have an ACR lodged for it with the ATO.

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International Shares, Investments

No direct effects from Trump tariffs

The economic policies of the incoming Trump government in the US are unlikely to adversely affect Australia in a direct sense.

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Economy, Financial Advice

US economy headed for soft landing

A global asset management firm has predicted a soft landing for the US economy and an optimistic attitude toward fixed income investments in 2025.

A global asset management firm has predicted a soft landing for the US economy and an optimistic attitude toward fixed income investments in 2025.

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ATO, Auditing

Trustee non-compliance gets worse

ATO Paul Delahunty auditor contravention reports SMSF Self-managed superannuation

Auditor contravention reports lodged with the ATO have shown a jump in non-compliance among SMSF trustees over recent years.

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