Salary relief throws lifeline to small businesses

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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 […]

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SMSF Association endorses Government’s latest stimulus package

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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 […]

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Proposal to enhance flexibility for super payments endorsed

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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 […]

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Proposal to outlaw ‘hawking’ of financial products gets thumbs up

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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 […]

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Coronavirus, rate cut, ATO guide highlight need for specialist advice

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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 […]

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Andrew Hamilton appointed to chair SMSF Association

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The SMSF Association has announced the appointment of Andrew Hamilton as its new Chair, effective from the end of this year’s National Conference. Hamilton, who joined the board in February 2011 and was Chair from February 2012 to February 2014, takes over from Robin Bowerman, who will remain on the board as Deputy Chair. Bowerman […]

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SMSFs a ‘pioneer group’ for Retirement Income Review

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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 […]

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Financial advice gap adds to retirees’ retirement stress 

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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: […]

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Four workshops on the agenda for 2020 National Conference

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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 […]

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2020 National Conference to ‘crystal ball’ super in 2030

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The superannuation landscape in 2030 will be the theme of the SMSF Association’s Thought Leadership Breakfast at the National Conference being held at the Gold Coast Convention and Exhibition Centre from 19-21 February 2020. Association CEO John Maroney will be joined on the panel by Jeremy Cooper, Chairman, Retirement Income, at Challenger, and Michael Blomfield, CEO, at […]

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