TOPIC
Payday Super arrives midyear. Are your clients ready?
Payday Super will mean more admin and costs for small businesses, says the IPA's Tony Greco. It's time to prepare.
SMSF advice complaints trending upwards: Report
Risk management and compliance firm Fourth Line recently conducted a survey of 1,100 complaints to the Australian Financial Complaints Authority...
ATO releases guidance on advice compensation impacts on contribution caps
The ATO has recently released a new fact sheet that explains the impact on concessional and/or non-concessional super contribution caps where an...
ASIC walks back comments on advice sector refunds
In a question on notice, Liberal senator Slade Brockman asked ASIC to clarify its previous statements to Parliament that costs will be credited...
ASIC to ‘work with industry’ on 1 October changes
With a slew of new reforms for the financial services sector due to come into effect in October, ASIC has told local operators to expect a period...
Bodies unite in opposing CSLR draft legislation
Eight of Australia’s largest financial advice industry associations have issued a joint statement opposing the design of the compensation scheme...
FASEA standards force advisers into mortgage broking
Speaking during a House of Representatives standing committee on Thursday, Synchron chair Michael Harrison noted that his study in accountancy is...
ASIC funding levy must be addressed or more practices will close: FPA
On Friday, the corporate regulator released its cost recovery implementation statement for the 2021 financial year that shows that the costs...
Funds hit back on unlisted asset crackdown
The letter, written by the chief investment officers of 12 funds including AustralianSuper, HESTA and UniSuper, outlines concerns that new rules...
Advice sector to cop $12m of government’s CSLR costs
The government has released a proposal paper and draft legislation of the CSLR – a scheme to meet the cost of unpaid AFCA determinations that...
SMSFs flagged on technical requirement challenges for SuperStream changes
The ATO had recently advised SMSF trustees and their professionals the need to start planning for the incoming changeover to the new SuperStream...
