News

ATO, SMSF, Trusts

Treatment of UPEs could change

Division 7A, ITAA, SIS Act, UPE, loans, unit trusts, unpaid present entitlements, Division 7A, Income Tax Assessment Act, financial accommodation, Sladen Legal, Phil Broderick, Federal Court, SIS Act, self managed superannuation, self managed super, SMSF

The treatment of UPEs as loans from beneficiaries to unit trusts may no longer stand due to a recent full Federal Court decision.

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ETFs

Best-performing ETFs acknowledged

Global X, exchange-traded fund, ETF, sector-specific, broad-based index products

A global fund manager’s report has recognised the best and worst-performing exchange-traded funds over the past 12 months.

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Australian Shares, Investments

LICs can be better for income seekers

Listed investment companies have the ability to produce more optimal outcomes for individuals wanting their portfolio to deliver income.

Listed investment companies have the ability to produce more optimal outcomes for individuals wanting their portfolio to deliver income.

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Compliance & Regulation, SMSF

Disqualifications can be overturned

A recent AAT decision has shown a trustee disqualification can be challenged successfully if the right set of circumstances can be established.

A recent AAT decision has shown a trustee disqualification can be challenged successfully if the right set of circumstances can be established.

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ASIC, Australian Shares, Investments

Regulators demand ASX action

Australian Securities Exchange, ASX, CHESS system, RBA, ASX Clear Pty Limited, ASX Settlement Pty Ltd, Michele Bullock, ASIC,  Joe Longo, Reserve Bank of Australia,

The RBA and ASIC have publicly reprimanded the ASX over a critical system failure last year, calling for more action to prevent a reoccurrence in the future.

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International Shares, Investments

Investment opportunities reside within Asia

China, Japan, India, Fidelity International, Amit Goel, George Efstathopoulos,

Investment opportunities are presenting themselves in China, Japan and India as a result of economic and industrial developments.

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ETFs, Investments

New Global X currency-hedged gold ETF

Global X has launched a new gold bullion currency-hedged exchange-traded fund on the ASX today, expanding its range of ETFs to 42.

Global X has launched a new gold bullion currency-hedged exchange-traded fund on the ASX today, expanding its range of ETFs to 42.

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ATO, Compliance & Regulation

Onus on trustees for benefits access

superannuation benefits, condition of release, early access, SMSF trustee, illegal access, administrative penalties, disqualification, voluntary disclosure, non-lodgement, SMSF annual return, self managed superannuation, self managed super, SMSF

The ATO has warned trustees they will be held accountable for members who access super without meeting a legitimate condition of release.

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Contributions

Tax strategy contribution split unwise

single transaction, contribution reserving strategy, tax deduction, Accurium, Anthony Cullen, ATO, self managed superannuation, self managed super, SMSF

Best practice suggests a contribution reserving strategy should be implemented using two separate transactions even though it is not required legally.

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International Shares, Investments

US tariffs will have big indirect impact

US tariffs, interest rates, AMP, Shane Oliver, Australian exports, global shares, Australian shares

The indirect impact of the new US tariffs will have a substantial effect on Australia, but may have a positive influence on domestic interest rates.

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