News

ATO, Tax

ATO grants NALE transitional period

ATO arm’s-length arrangements

SMSF trustees have the opportunity to rectify any service provision arrangements involving themselves and their fund to prevent them from falling foul of the new NALE provisions.

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Investments

Hunt for yield to intensify

yield interest rates

The continued reduction of the official interest rate will see SMSF investors increase their focus on generating yield from their investments, a global fund manager has predicted.

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ATO, Documentation

Changes to TBAR set to take effect

spreadsheet TBAR forms

Spreadsheet TBAR forms will no longer be accepted after 31 October and all TBAR forms lodged after that date must be via the ATO online service portal, the regulator says.

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Direct Domestic Shares, Investments

Small caps providing great value for money

small cap returns

A local fund manager has recommended investing in Australian small cap companies to access superior returns without an associated excessively high price.

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Commercial Property, Listed Property

Income available in non-residential property

income non-residential property

Non-residential property can offer a source of income to self-directed investors during low markets, a specialist real estate manager says.

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Superannuation

Illegal early access promoter jailed

Illegal early access superannuation

The operator of a scheme providing illegal early access to superannuation benefits has been given a three-year jail sentence.

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Residential Property

New equity release advice business opened

equity release advice

The growth of the equity release sector has prompted a former planner to open an advice and brokerage service for retirees.

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Retirement

Risk-free retirement no longer possible

risk-free retirement

The global financial crisis (GFC) put an end to the idea of risk-free retirement and retirees need to adjust their views on income to avoid negative returns in the near future, according to the head of a major exchange-traded fund (ETF) provider.

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ATO, Residential Property

ATO probe targeting LRBAs

ATO letters LRBA SMSFs

The ATO has confirmed the SMSFs contacted via letters as part of its recent probe into the diversification of fund investment strategies used a limited recourse borrowing arrangement (LRBA) to acquire their single asset or asset class.

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Compliance & Regulation

Market value substitution rules not a NALI exemption

Non-arm’s length income NALI

A technical expert has warned the amendments to the non-arm’s-length income rules will still apply to an SMSF that has implemented the market value substitution measures as defined in the Income Tax Assessment Act 1997.

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