News

Australian Shares, International Shares, Tax

Share volatility shows Div 296 severity

The Division 296 tax could lead to particularly unfair outcomes in situations where SMSFs hold certain equities that experience significant fluctuations.

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Documentation, SMSF

Voting by member balance flawed

A specialist lawyer has advised against super balance-based voting in SMSF constitutions, noting it may lead to an added administrative burden and unfair outcomes.

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Investments, Private Assets

Private markets being unlocked for SMSFs

A fund manager is providing SMSF members with additional avenues allowing them to access investment opportunities in global private markets.

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Investments, Property

Thinktank fund gets investment-grade rating

Thinktank has been given an investment-grade rating by SQM Research for its Income Trust aimed at several cohorts, including SMSFs.

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Legislation, SMSFA

AML laws need SMSF sensitivity

Anti-money laundering Counter-terrorism funding SMSF Accountants SMSF Association Professional service providers

An expansion of anti-money laundering laws should not view accountants as the registered address of an SMSF as a cause for concern and exempt the activity from the changes.

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Compliance & Regulation, Pensions

TRIS strategy seen as a compliance concern

TRIS ATO Pension Strategy Transition-to-retirement

Starting and stopping a transition-to-retirement income stream multiple times in one year may trigger compliance issues for an SMSF.

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International Shares, Investments

Market concentration fears overblown

Global market Concentration Insync Funds Management US market

The view that global markets are becoming concentrated around tech stocks is not matched by reality, but caution should be exercised with local and Asian markets.

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Legislation, Tax

Not right to pay tax on what you’ve never had

SMSF Unrealised capital gains Division 296 tax self-managed superannuation

The proposed policy to tax the unrealised gains of individuals with total super balances over $3 million has significant implications for the economy.

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Legislation, Tax

Govt keeps justifying super tax

Stephen Jones SMSF Division 296 tax Super tax

The Minister for Financial Services has told APRA funds and investment managers its plans to lift taxes on high super balances are fair and part of a wider agenda around equity in the system.

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ATO, NALI/NALE

PCG 2016/5 doesn’t define NALI compliance

Safe harbour PCG 2016/5 NALI non-arm's-length income LRBA Limited recourse borrowing arrangement SMSF Self-managed superannuation ATO Paul Delahunty

Not satisfying the LRBA safe harbour rules defined in PCG 2016/5 will not necessarily trigger the non-arm’s-length income provisions.

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