Senate crossbench action urged in wake of disappointing committee outcome on tax proposal

From

The SMSF Association is bitterly disappointed that the Senate Economics Legislation Committee has recommended that the Better Targeted Superannuation Concessions Bill be passed without amendment. Commenting on the release of

continue reading

Government urged to prioritise pension amnesty in Federal Budget

From

The SMSF Association is urging Treasury to prioritise an amnesty for legacy pensions in the upcoming Federal Budget on May 14, following clarification about how these pensions will be valued

continue reading

SMSF Association stands against new tax as debate looms

From

With the Government’s new super tax set to be debated in Parliament today, the SMSF Association is continuing to rally support for an overhaul of key elements of the proposed

continue reading

SMSF Association hits out at retrospective CSLR levy

From

The SMSF Association says the retrospective effect of the Compensation Scheme of Last Resort (CSLR) levy is a body blow for advisers at a time when the Federal Government’s stated intention

continue reading

SMSF Association welcomes super inclusion in paid parental leave

From

The SMSF Association has thrown its support behind the Federal Government’s decision to include superannuation payments in paid parental leave. The Minister for Finance and Women, Senator Katy Gallagher, announced

continue reading

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

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

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

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

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

continue reading