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2 weeks ago | 
smsmagazine.com.au | Shelley Banton |Jason Spits
Security in SMSFs comes in all shapes and sizes. Tech-savvy trustees will have multi-factor authentication (MFA) enabled for all their investments, while others will happily rely on a sock drawer to store passwords. In the wake of recent cyberattacks on Australian Prudential Regulation Authority-regulated funds, it would be naïve to assume cybercriminals would ignore the SMSF sector with $1 trillion in total assets.
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Jan 16, 2025 | 
fssuper.com.au | Shelley Banton
Property investment within SMSFs remains a popular strategy for building retirement wealth. Compliance in this area, however, requires a holistic approach to ensure that SMSFs operate within the legal framework administered by the Australian Taxation Office (ATO) and the Australian Securities and Investments Commission (ASIC).
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Dec 5, 2024 | 
smsmagazine.com.au | Shelley Banton
The ATO has clarified how a contribution can trigger non-arm’s-length income (NALI) in its latest draft taxation ruling (TR) on contributions, TR 2010/1DC2, and the draft law companion ruling (LCR) on NALI, LCR 2021/2DC. Where non-arm’s-length expenditure (NALE) is involved, these documents work hand in hand to explain how, depending on the circumstances, a part in-specie contribution is not a contribution and can trigger NALI. What is NALE?
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Nov 20, 2024 | 
smsmagazine.com.au | Shelley Banton |Jason Spits
The ATO is targeting SMSF auditors who continue to defy the independence rules. As part of its risk assessment program, the regulator is reviewing high-risk auditors with independence issues involved in reciprocal audits and those who have single-source referral income.
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Nov 7, 2024 | 
morningstar.com.au | Shelley Banton
This article was provided by a third-party and the opinions expressed here are the author’s. Morningstar values diversity of thought and publishes a broad range of viewpoints. Is near enough good enough when valuing SMSF assets at market value? Not according to superannuation regulations, which require SMSF trustees to value all assets at market value when preparing financial statements.
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Oct 30, 2024 | 
firstlinks.com.au | James Gruber |Peter Swan |Dimitri Burshtein |Shelley Banton
John Egan, Egan Associates: "My heartiest congratulations. Your panel of contributors is very impressive and keep your readers fully informed."Reader: "Is one of very few places an investor can go and not have product rammed down their throat. Love your work!"Jonathan Hoyle, CEO, Stanford Brown: "A fabulous publication. The only must-read weekly publication for the Australian wealth management industry."Reader: " Finding a truly independent and interesting read has been magical for me.
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Oct 29, 2024 | 
firstlinks.com.au | Shelley Banton |John Abernethy |Alan Kohler |Oliver Hextall
Don Stammer, leading Australian economist: "Congratulations to all associated. It deserves the good following it has."Rob Henshaw: "When I open my computer each day it's the first link I click - a really great read."Reader: "Best innovation I have seen whilst an investor for 25 years. The writers are brilliant. A great publication which I look forward to."David Goldschmidt, Chartered Accountant: "I find this a really excellent newsletter. The best I get.
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Sep 20, 2024 | 
fssuper.com.au | Shelley Banton
No-near enough is not good enough-according to Superannuation Industry (Supervision) Regulations 1994 regulation 8.02B 'Assets must be valued at market value' (r 8.02B SISR) which requires self-managed superannuation fund (SMSF) trustees to value all assets at market value when preparing financial statements. The problem is getting it wrong, because the true cost of noncomplying market valuations has financial and operational implications for an SMSF. What is market value?
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Sep 3, 2024 | 
firstlinks.com.au | Ned Bell |James Gruber |John Abernethy |Shelley Banton
Reader: "Great resource. Cuffelinks is STILL the one and only weekly newsletter I regularly read."Reader: "Is one of very few places an investor can go and not have product rammed down their throat. Love your work!"Andrew Buchan, Partner, HLB Mann Judd: "I have told you a thousand times it's the best newsletter."Reader: "Keep it up - the independence is refreshing and is demonstrated by the variety of well credentialed commentators."Jonathan Hoyle, CEO, Stanford Brown: "A fabulous publication.
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Sep 3, 2024 | 
firstlinks.com.au | Andrew Mitchell |James Gruber |John Abernethy |Shelley Banton
Reader: "Great resource. Cuffelinks is STILL the one and only weekly newsletter I regularly read."Reader: "Is one of very few places an investor can go and not have product rammed down their throat. Love your work!"Andrew Buchan, Partner, HLB Mann Judd: "I have told you a thousand times it's the best newsletter."Reader: "Keep it up - the independence is refreshing and is demonstrated by the variety of well credentialed commentators."Jonathan Hoyle, CEO, Stanford Brown: "A fabulous publication.
