Move to reform NALI rules get thumbs up

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The SMSF Association welcomes the announcement that the Federal Government will consult with industry on appropriate amendments to the non-arm’s length income (NALI) rules to ensure they operate as intended.... Read more continue reading

Overwhelming support flows in for The Principals’ Community

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The newly formed Principals’ Community, headed up by Kon Costas, has received strong support from the self-licensed community with more than 92% of previous businesses signing new agreements this year.... Read more continue reading

SMSF Association welcomes Michelle Levy’s Review appointment  

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The SMSF Association welcomes the appointment of Allens Partner Michelle Levy to lead a review of regulations overseeing the financial advice industry. “A specialist in superannuation, life insurance, distribution and financial services... Read more continue reading

FPA welcomes Quality of Advice Review

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The Financial Planning Association of Australia (FPA) welcomes the release of the terms of reference for the Quality of Advice Review and the appointment of Ms Michelle Levy as the... Read more continue reading

AFCA consults on proposed funding model

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The vast majority of financial firms would pay the same or less to the Australian Financial Complaints Authority under a proposed new user-pays funding model now the subject of consultation... Read more continue reading

FPA welcomes AFCA funding changes

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The Financial Planning Association of Australia (FPA) has welcomed the announcement by the Australian Financial Complaints Authority (AFCA) about proposed changes to its funding model. The new model will significantly... Read more continue reading

SMSF Association opposes cap on super balances

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The SMSF Association remains opposed to a cap on superannuation balances. SMSF Association CEO John Maroney says: “We do not and have never supported such a cap. “These balances are... Read more continue reading

TAA: Corporations Law reform – Let’s look before we leap

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The Advisers Association (TAA) is broadly supportive of recommendations by the Australian Law Reform Commission (ALRC), designed to simplify and rationalise the Corporations Act and Corporations Regulations. Speaking in relation to... Read more continue reading

Taking a knife to red tape on the 2022 National Conference agenda

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The vexing issue of red tape and how to cut it will come under the microscope at the 2022 SMSF Association National Conference being held at the Adelaide Convention Centre... Read more continue reading

FPA makes submission to ALRC review: calls for reduced complexity in legislation

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The Financial Planning Association of Australia (FPA) has supported proposals to make financial advice law and regulation simpler which will support the provision of sustainable and accessible financial advice to more Australians, in... Read more continue reading