News

Property listings, prices dip

May 11, 2018

The latest SQM Research figures show national residential listings fell by 3.8 per cent in April, totalling 325,147, while asking prices for property dropped over the month.

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Strategy

Terminal illness should trigger super review

May 11, 2018

Malavika Santhebennur

SMSF trustees and members should contemplate difficult issues, such as what will happen to the money in their fund if they are diagnosed with a terminal illness, as there are tax advantages to consider, a superannuation expert has said.

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Retirement

TRIS conversion should be considered

May 11, 2018

Malavika Santhebennur

SMSF trustees and members should consider converting a transition-to-retirement income stream (TRIS) into an account-based pension (ABP) as the former is no longer classified as a retirement income product, according to an industry expert.

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Compliance & Regulation

Imputation credits policy fails fairness test

April 11, 2018

Krystine Lumanta & Malavika Santhebennur

The SMSF Association has labelled the federal opposition’s proposal to abolish cash refunds for excess imputation credits often claimed by superannuants as an unfair strategy purely aimed at SMSFs.

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ATO

ATO releases reserves guidance

April 11, 2018

Darin Tyson-Chan

The ATO has issued an SMSF Regulator’s Bulletin detailing its stance on the use of reserves in SMSFs.

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Residential Property

Residential property owners look to cash in

April 11, 2018

Darin Tyson-Chan

The latest SQM research into the residential property market has shown an increase of 6.3 per cent in market listings during March.

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Compliance & Regulation

TBAR double counting bears tax penalty risks

April 11, 2018

Darin Tyson-Chan

The different rules governing the transfer balance account report (TBAR) for SMSFs compared with Australian Prudential Regulation Authority (APRA)-regulated super funds may easily lead to attracting an excess transfer balance cap determination and the associated tax penalty, a technical expert has warned.

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Residential Property

New scheme may facilitate third-party assistance

April 11, 2018

Darin Tyson-Chan

The First Home Super Saver Scheme (FHSSS) introduced as part of the 2017 federal budget could potentially provide a welcome avenue for third parties to assist in the purchase of a residence for younger family members, a technical expert has said.

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Investments

Portfolio performance comparison

April 11, 2018

Nick Shugg provides the latest SMSF tables to assess how well client investment portfolios are performing.

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ETFs

Magellan makes its own ETF market

April 11, 2018

Malavika Santhebennur

Global fund manager Magellan Financial Group has taken on the role of market maker for its active exchange-traded funds (ETF) to ensure investors are provided with a sufficient level of liquidity in the offering.

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