News

Compliance & Regulation, SMSF, Superannuation

Foreign transfers limited by timelines

January 25, 2024

Foreign super fund Transfer Residency Lump sum payment

The Australian superannuation rules make lump sums paid from overseas pension schemes attractive but perhaps unachievable.

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Bonds, Fixed Income, Investments

Optimal time for bond allocations

Bonds Fixed-income Reserve Bank of Australia

January 25, 2024

Todd Wills

Investors looking to add bonds to their portfolios should do so promptly to take advantage of high yields before potential interest rate reductions.

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ATO, Compliance & Regulation, SMSF

ATO reveals set-up flags

ATO SMSF review Set-up establishment Insolvency Dishonesty

January 12, 2024

Darin Tyson-Chan

The ATO’s decision to review an application to set up an SMSF is largely driven by the history and circumstances of the individuals involved.

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Superannuation, Tax

Death pension anomaly with $3m cap

$3 million soft cap tax Death benefit Total super balance Calculation methodology

January 12, 2024

Darin Tyson-Chan

A vital element of the calculation methodology regarding a person’s total super balance for the $3 million soft cap is yet to be revealed.

US recession anticipated

Recession Equities Bonds Investments American Century

January 12, 2024

Todd Wills

The US economy is likely to suffer a recession in the early part of the new year and the downturn is unlikely to be gradual.

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Property

Clean energy fixtures a BRP issue

January 12, 2024

Darin Tyson-Chan

It remains unclear as to whether clean energy equipment fits the definition of business real property for SMSF purposes.

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Economy, Property, Residential Property

December residential property listings fall

Residential property listings SQM Research

January 12, 2024

Darin Tyson-Chan

The final month of 2023 saw a large drop in residential property listings across the country with several capital cities witnessing a reduction.

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Compliance & Regulation, Legislation

Digital document authorisation approved

Document execution Digital authorisation myGov SMSFA

January 12, 2024

Todd Wills

From the start of this year, individuals now have the option of using two digital methods to execute statutory declarations in addition to a traditional paper-based approach.

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Cryptocurrency, ETFs, Investments

Bitcoin ETFs receive US endorsement

Cryptocurrency Bitcoin ETF US Securities and Exchange Commission

January 12, 2024

Jason Spits

The US financial regulator has approved the use of ETFs that invest directly into bitcoin cryptocurrency, with the decision hailed as a sign of confidence in the asset.

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ATO, SMSF, Superannuation

Drawdown approval contemplated

SMSF ATO Illegal early access withdrawal approval

December 15, 2023

Todd Wills

In an effort to curb cases of illegal early access, the ATO may introduce an additional compliance requirement before funds can be released from an SMSF.

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