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ASIC removes 155 SMSF auditors from register in FY 17/18

ASIC removes 155 SMSF auditors from register in FY 17/18

by Shared by SMSF Adviser | Nov 1, 2018 | News

In the 2017/18 financial year ASIC removed a total of 155 SMSF auditors from the register including twelve that were disqualified for breaching auditing standards and independence requirements.Read the full article at SMSF Adviser.
Adverse tax outcomes flagged with work contributions

Adverse tax outcomes flagged with work contributions

by Shared by SMSF Adviser | Oct 31, 2018 | News

Speaking at the SMSF Summit in Adelaide, SuperConcepts general manager of technical services and education Peter Burgess said the work test measure that was introduced for retirees will allow super members who are over the age of 65 to make a non-concessional...
Three-year audits’ chances slim as ‘small window’ remains

Three-year audits’ chances slim as ‘small window’ remains

by Shared by SMSF Adviser | Oct 30, 2018 | News

SuperConcepts general manager of technical services and education Peter Burgess said given the pushback on the three-year audit measure for certain SMSFs, there is a big question mark over whether it will happen.Read the full article at SMSF Adviser.
ASIC reveals figures on SMSF auditor enforcement action

ASIC reveals figures on SMSF auditor enforcement action

by Shared by SMSF Adviser | Oct 29, 2018 | News

In an online update, ASIC revealed that from when the registration of SMSF auditors began up to 30 June 2018, it has deregistered, suspended or imposed conditions on a total of 101 SMSF auditors for audit quality and independence issues or on fit and proper person...
ATO claws back $850m in unpaid SG in FY 17-18

ATO claws back $850m in unpaid SG in FY 17-18

by Shared by SMSF Adviser | Oct 26, 2018 | News

ATO deputy commissioner, superannuation, James O’Halloran said that during the 2017-18 financial year, the ATO received around 31,000 employee notifications and contacted approximately 24,000 employers.Read the full article at SMSF Adviser.
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