SMSF
Fake SMSF adviser who stole client funds sentenced to 8 years in jail
A Victorian man who posed as an adviser and stole more than $2.7 million in life savings from relatives and associates through SMSF rollovers has been sentenced to eight ...
SMSFs urged to focus on retirement income strategy despite covenant exclusion
SMSFs should not completely ignore a retirement income strategy despite being carved out of the new obligations being imposed on superannuation funds, said one peak body....
SMSFs spared from Retirement Income Covenant
The government has released draft legislation on the Retirement Income Covenant, revealing that it will not apply to SMSFs.
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ATO extends COVID-19 relief for SMSFs
The ATO has made an extension to several COVID-19 compliance relief for SMSFs to cover the 2021-22 financial year.
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SMSF audit firms challenge referral fee threshold
SMSF firms are challenging the adoption of the 20 per cent threshold for auditor referral fees, arguing that the arbitrary figure is inconsistent with international stand...
SMSF Adviser Technical Strategy Day 2021 launches
Accountants Daily is proud to announce the launch of its SMSF Adviser Technical Strategy Day, a free-to-stream virtual event aimed at providing specialists with the lates...
Changes to ECPI and visibility of super assets pass Parliament
The first changes to ECPI, along with measures to provide greater visibility to superannuation fund information sharing for family law proceedings, have now passed Parlia...
Former SMSF adviser charged for breaching ASIC ban
A former Queensland financial adviser is facing criminal charges for breaching ASIC banning orders.
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ATO releases guidance on advice compensation impacts on contribution caps
The ATO has released guidance on the impact of financial advice compensation on super contribution caps and its associated compliance requirements.
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ATO issues administrative arrangements for COVID-19 super recontribution
The ATO has flagged new administrative arrangements for individuals wanting to recontribute amounts they withdrew under the COVID-19 early release of super (ERS) program....
‘Mammoth consequences’: ATO’s NALI ruling draws ire from accountants
The recent ruling on non-arm’s length income (NALI) in super funds by the ATO will have far-reaching consequences for the superannuation sector, according to industry e...
