News

ATO, Compliance & Regulation

Trustees can’t rely on TBAR amnesty

TBAR penalties

The ATO’s position to date not to impose penalties for the late lodgement of transfer balance account reports cannot be expected to last.

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LICs

LIC diversification requires greater scrutiny

LIC diversification allocation

The actual portfolio diversification provided by an allocation to a listed investment company requires careful examination.

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Succession Planning

State can act for incapacitated trustee

corporate SMSF trustee

A member who has lost capacity within a corporate trustee SMSF may be able to have the state represent them.

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Australian Shares, Investments

Look for change to find mispriced stocks

mispriced stocks

Most stocks are fairly priced so investors should be looking for companies undergoing change to find mispriced investment opportunities.

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Business news

Multiple splitting order can be implemented

SMSF spousal splitting

The use of a multiple splitting order in the event of a divorce between spousal SMSF members can be an avenue to a more equitable result.

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Business news

Two new ETMFs from Perpetual

Perpetual ETMFs

Investors will have increased access to the socially responsible investing and innovation sectors through two new ETMFs from Perpetual.

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Contributions

Bring-forward approach confirmed

NCC bring-forward

Treasury has confirmed how the extension of the non-concessional three-year bring-forward rule to include people aged 64 to 75 will be applied.

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Superannuation

Director ID process underway

SMSF director identification

Registered directors of a corporate SMSF trustee can now apply for a director identification number, but time restrictions apply.

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Investments

Messaging key to AGM season

AGM return forecasts

Careful scrutiny should be applied to company performance forecasts during the coming AGM season to identify the best investment opportunities.

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Auditing, Residential Property

Trustees can help with valuation evidence

property valuation trustees

Trustees and their accountants can play an active role in compiling sufficient property valuation information for an SMSF audit.

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