Scrapping tax on pension earnings exceeding $100k gets tick from SPAA

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The SMSF Professionals’ Association of Australia (SPAA) yesterday welcomed the Coalition Government’s decisions to abandon the plan to tax earnings exceeding $100,000 from assets supporting self-funded pensions as well as... Read more continue reading

FPA welcomes government decision to halt new tax measures

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The Financial Planning Association (FPA) has welcomed the Government’s announcement yesterday that it will not proceed with new tax measures, among these the Self-Education Expenses Cap and Tax on Superannuation Pensions. Mark Rantall,... Read more continue reading

ASIC warns real estate industry about recommending property investment through SMSFs

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ASIC has warned the real estate industry that agents recommending investors use a self-managed superannuation fund (SMSF) to invest in property must ensure they are appropriately licensed to provide the... Read more continue reading

Technical education and personal development top the list for delegates at Professionals Congress

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Technical education and self-development emerged as core professional development principles for financial planners at the Financial Planning Association’s (FPA) Inaugural Professionals Congress. The event, which took place in Sydney on... Read more continue reading

Higher cap will help people be self sufficient in retirement

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The SMSF Professionals’ Association of Australian (SPAA) wants the Coalition Government to increase the concessional contribution cap above the current $35,000 limit to help meet the aspirations of all Australians... Read more continue reading

Academics and practitioners launch national financial planning research grants

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The Financial Planning Education Council (FPEC) together with the Financial Planning Association (FPA) yesterday launched its inaugural round of financial planning research grants available to university academics, establishing the framework... Read more continue reading

ABN AMRO Clearing Sydney Pty Ltd pays $130,000 infringement notice penalty

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ABN AMRO Clearing Sydney Pty Ltd (“ABN AMRO”) has paid a penalty of $130,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). On... Read more continue reading

Confusion surrounds use of franking credits in SMSFs: SPAA

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There is a lot of misunderstanding about how franking credits work in a self managed super fund (SMSF), says Graeme Colley, SMSF Professionals’ Association of Australia (SPAA) Director, Technical and Professional Standards. Colley... Read more continue reading

ACSA appoints J.P. Morgan’s David Braga as Chair

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The Australian Custodial Services Association (ACSA) – the peak body for Australia’s custody and investment administration sector – has appointed David Braga, Managing Director and head of product for J.P.... Read more continue reading

CFA Institute foresees ‘fiduciary capitalism’ will remake finance industry

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Industry leaders present at CFA Institute Australia Investment Conference last Friday in Melbourne CFA Institute, the global association of investment professionals, says the world’s financial system is moving towards a... Read more continue reading