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ASIC
Super

ASIC disqualifies, imposes conditions on SMSF auditors

The corporate regulator has moved to disqualify two SMSF auditors and impose conditions on another after failing to...
06 November 2019 • By Jotham Lian

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Hopes for further ‘wiggle room’ on NALI application

The ATO’s draft ruling around the application of new non-arm’s length income rules may contain further “wiggle room”...
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ASIC overestimates SMSF running costs by $8,000

The average annual costs of running an SMSF have been grossly exaggerated by ASIC in its recent fact sheet, with...
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‘For God’s sake, leave super alone!’: Bill Kelty

One of the architects of the Australian superannuation system has slammed the Morrison government’s inquiry and urged...
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SMSF spruiker cops 3-year prison sentence

A 51-year-old man has been sentenced to three years’ jail in Sydney’s Downing Centre District Court after pleading...
23 October 2019 • By Sarah Kendell
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ASIC SMSF fact sheet makes exaggerated claims

The corporate regulator’s fact sheet on the dangers of SMSFs exaggerates the cost involved in running self-managed...
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Tax, super robo-advisers shut down following ASIC concerns

Two robo-advice tools that dished out tax and superannuation advice have now been voluntarily shut down after concerns...
18 October 2019 • By Jotham Lian
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Legal actions ramp up pressure on SMSF auditors

Recent legal cases finding fault with SMSF auditors for mis-describing fund assets have ramped up auditor obligations...
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