SMSF members cautioned not to act propitiously re $3m cap

From

Self-managed super funds (SMSFs) should avoid knee-jerk reactions to the Government’s proposed tax on earnings on super balances exceeding $3 million, Heffron Consulting Managing Director Meg Heffron told the 2024... Read more continue reading

Contribution cap changes: what this means for SMSF members

From

The Federal Government yesterday announced the increases in the standard concessional and non-concessional contributions caps. SMSF Association CEO, Peter Burgess said, “These changes were expected and alongside the stage three... Read more continue reading

Assets under custody in Australia rise by 2% in Dec half

From

Data released yesterday by the Australian Custodial Services Association (ACSA), the peak industry body for custodians and asset service providers in Australia, revealed a 1.9% rise in assets under custody... Read more continue reading

SMSF Association urges collective effort against early access risks

From

The SMSF Association is urging a collaborative approach involving Government, the ATO, ASIC and the industry to reduce the risk of illegal early access revealed yesterday’s in the ATO’s presentation... Read more continue reading

Scott Hay-Bartlem reappointed Chair of SMSF Association

From

Brisbane law firm Cooper Grace Ward Partner Scott Hay-Bartlem has been reappointed Chair of the SMSF Association for another two-year term. Hay-Bartlem, who joined the Board in July 2019, said he... Read more continue reading

University of Adelaide research demonstrates SMSFs resilience in market downturns

From

Investment returns for self-managed super funds (SMSFs) in the 2021-22 financial year show they outperformed the APRA fund sector by 4.1 percentage points – again demonstrating their resilience in market... Read more continue reading

Australia’s life insurers support ban on industry use of genetic test results

From

The Council of Australian Life Insurers (CALI) supports a ban on the use of genetic test results in insurance underwriting to help empower Australians to better manage their health. “With... Read more continue reading

FAAA 2024-25 Pre-Budget Submission 

From

The FAAA has released its 2024-25 Pre-Budget Submission. It puts forward six ideas that the FAAA believes will have a positive impact on the financial futures of Australian consumers, by... Read more continue reading

SMSF Association calls for simplification in Budget submission

From

The SMSF Association has made simplification, modernisation, and the removal of red tape key themes in its submission to the Federal Government’s 2024-25 Budget. SMSF Association CEO Peter Burgess, who... Read more continue reading

Consultation on genetic tests in life insurance regulation: Actuaries advise for fair balance

From

The Actuaries Institute strongly supports the Government’s objective to maximise the benefits of genetic testing while ensuring consumers can access affordable life insurance and the life insurance industry is sustainable.... Read more continue reading