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The Federal Government’s $130 billion JobKeeper payment announced yesterday, when coupled with earlier measures in response to the economic fallout from COVID-19 (coronavirus), will provide vital support to small business owners, many of whom have self-managed super funds (SMSFs). The SMSF Association CEO John Maroney says: “The $130 billion package, the third assistance tranche announced […]

The SMSF Association supports the Federal Government’s latest stimulus package announced today, particularly those measures that will assist self-managed super fund trustees cope with the economic and social upheaval caused by COVID-19 (coronavirus). SMSF Association CEO John Maroney says: “The country is in unchartered waters, so we fully endorse the new measures the Government has […]

The Government’s decision to draft laws to assist Australians aged 65 and over to boost their retirement savings has the full support of the SMSF Association. The proposed legislation, which will amend the Superannuation Industry (Supervision) Regulations 1994, will allow people aged 65 and 66 to make voluntary contributions without meeting a work test and […]

The draft legislation that seeks to implement the Financial Services Royal Commission recommendation to outlaw the “hawking” of financial products has the backing of the SMSF Association. As part of its 14-page submission to the Financial Services Reform Taskforce on the proposed legislation to implement 22 Royal Commission recommendations, the Association says: “Financial products should […]

The economic and market fallout from concerns about the global coronavirus outbreak, the RBA rate cut and recent ATO investment strategy guidance sends a stark message to self-managed super fund (SMSF) trustees about the need for specialist advice. SMSF Association CEO John Maroney says: “When global investment markets are turbulent, trustees who have established a […]

Self-managed super funds (SMSFs) are the “pioneer group” for the retirement income system that can provide invaluable evidence for the Retirement Income Review, says SMSF Association CEO John Maroney. Commenting on the Association’s submission to the Review, Maroney says: “Considering SMSFs comprise over a quarter of the entire superannuation system’s assets of nearly $3 trillion, a significant portion […]

A key issue confronting an ageing Australian population is the level of unmet financial advice that is making it harder for people to plan their retirement and then execute those plans with a degree of confidence. SMSF Association CEO John Maroney, in an address to a Sydney event by the financial services communications consultancy Pritchitt Partners, says: […]

Delegates attending the SMSF Association National Conference on the Gold Coast from 19-21 February will have a choice of four workshops to attend over the two-and-half day event. The workshops have proved very popular with delegates at past conferences, and this year the issues of death benefit planning, ageing clients, the sole purpose test and […]