News

ATO, Compliance & Regulation, SMSF

ATO reveals set-up flags

ATO SMSF review Set-up establishment Insolvency Dishonesty

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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Australian Shares, Economy, International Shares, Investments

US recession anticipated

Recession Equities Bonds Investments American Century

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

Solar panels Business real property Clean energy Green energy SMSF

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

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

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

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

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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Australian Shares, International Shares, Investments

Investment agility required in 2024

Inflation Schroders Australian shares International shares

Inflation and volatility are likely to continue their influence on markets in 2024, which should encourage a flexible approach to shares and bonds.

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