News

Compliance & Regulation

SMSF responsibility lies with trustees

Engaging an adviser to help with an SMSF does not change who takes responsibility for the fund, with the law being clear this duty lies with the trustees.

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ATO

ATO pushes trustees’ valuation responsibilities

ATO; trustee; valuation

The ATO will accept asset valuations from trustees but has reminded them of their responsibilities in accurately sourcing that information.

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Investments, Superannuation

Where to now for SMSFs?

With the coming and going of the 2019 federal election, many SMSF trustees will have breathed a huge sigh of relief several Labor Party proposals that may have negatively affected their SMSF are – for now – off the political agenda. The proposal to ban refunds of excess franking credits that would have impacted on […]

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Estate Planning, Pensions

Wording can undermine BDBN

The effectiveness of a binding death benefit nomination (BDBN) can be compromised if the associated wording does not properly support the measure, an SMSF lawyer has warned.

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Commercial Property, Residential Property

Investors must recognise property characteristics

The differences in the yields and incomes of commercial and residential property need to be better understood by investors before they commit to a portfolio allocation, a property manager has said.

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Retirement

Cost of living for retirees remains stable

The cost of living for retirees shifted only marginally in the March quarter despite significant price rises for medical expenses and food, according to ASFA.

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Superannuation

Canberra assigns superannuation responsibilities

The second Morrison ministry will feature a new face with 20 years’ experience in the financial services arena to oversee the superannuation sector.

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Residential Property

Housing market cooling but not dire

The revaluation of the Australian residential property market should not be considered as a dramatic move as it has not been coupled with a drop in employment numbers, according to a global bank.

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Direct Domestic Shares

Twofold downside to chasing yield

Double negative results are a real danger when investors allow yield to dominate their decisions when acquiring Australian stocks.

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Direct Domestic Shares, Tax

Companies support franking credit system

A panel of company chairs has supported the imputation system incorporated in the Australian equity market following questions raised about it during the recent federal election.

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