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The Productivity Commission’s decision to follow the SMSF Association’s recommendations to opt for higher SMSF advice standards and reject the minimum balance approach as the better option for ensuring the integrity and sustainability of the self-managed super sector (SMSF) has been welcomed by the Association. SMSF Association CEO John Maroney says: “In our opinion, the […]

The SMSF Association has enjoyed a successful year with its advocacy work, benefiting both its members and the broader self-managed super fund community, says Association CEO John Maroney. “There’s no better example of what the Association has achieved this year than the simplified work test exemption regulations that were introduced by the Government on 7 […]

The findings and recommendations of the Financial Services Royal Commission will go under the microscope at the SMSF Association 2019 National Conference being held at the Melbourne Convention and Exhibition Centre from 20-22 February. SMSF Association CEO John Maroney says with the Royal Commission handing down its final report on 1 February, the timing is ideal […]

The release of the updated guidance on financial advice education and ethical standards from the Financial Adviser Standards and Ethics Authority (FASEA) shows “work remains to be done” to ensure just recognition of existing advisers’ prior learning and education. Commenting on the FASEA Standards Summary, released late Friday, SMSF Association CEO John Maroney says: “This latest […]

More than one million Australians with SMSFs are potentially facing three key challenges to their retirement savings because they potentially do not have the right assistance, according to the SMSF Association. A lack of appropriate diversification to mitigate investment risk, an unstable regulatory environment, and returning volatility to investment markets are combining to pose a […]

The Labor Party’s proposal to abolish refundable franking credits is “flawed, inequitable and fails to meet the policy intent of improving the integrity of dividend imputation for all taxpayers”. The SMSF Association, in its 14-page submission to the Standing Committee on Economics, presents a cogent case against Labor’s proposal, arguing it will result in individuals […]

The SMSF Association is calling for a two-pronged policy change to ensure Limited Recourse Borrowing Arrangements (LRBAs) remain a legitimate retirement savings strategy, especially for small business owners. SMSF Association CEO John Maroney says the Association is aware of the “heightened scrutiny” of LRBAs but remains convinced this borrowing instrument has an appropriate role to […]