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New SMSF advice model gaining government momentum, says CA ANZ

Following discussions with senator Jane Hume, the accounting body says a proposed framework which removes basic...

26 November 2020 • By Miranda Brownlee

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Auditors in financial advice firms warned on independence threats

SMSF auditors auditing the funds of clients also receiving financial advice from the same firm may be at risk of...

20 November 2020 • By Miranda Brownlee

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Accounting bodies join in fight against proposed reporting measure

Two of the major accounting bodies have expressed significant concerns about the proposed mandatory deadline for SMSF...

19 November 2020 • By Miranda Brownlee

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‘Enforcement and definition’ issues with prescribed timeline for financials

The Treasury’s proposal to implement a regulation prescribing that SMSF accounts and statements be prepared 45 days...

17 November 2020 • By Jotham Lian

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Proposed reporting requirement to place ‘undue pressure’ on auditors

The Treasury’s proposed amendment to require SMSFs to finalise accounts 45 days before the due date of the return will...

16 November 2020 • By Miranda Brownlee

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Proposed SMSF reporting requirement blasted as ‘unrealistic’

The requirement proposed by the Treasury to require SMSFs to prepare accounts 45 days before lodgement will place...

13 November 2020 • By Miranda Brownlee

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AAT upholds ASIC’s decision to ban SMSF adviser

The Administrative Appeals Tribunal (AAT) has affirmed ASIC’s decision to ban an adviser for five years for failing to...

11 November 2020 • By Miranda Brownlee

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ATO ramps up SMSF auditor compliance activities

After previously suspending its auditor review programs due to the impact of COVID-19, the ATO has announced it will...

10 November 2020 • By Miranda Brownlee