SPAA gives thumbs up to changes to best interest duty

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The SMSF Professionals’ Association of Australia (SPAA) has thrown its weight behind the Federal Government’s decision to amend how best interest duty (BID) works as part of the FoFA reforms.

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New penalty regime for trustees gets thumbs up from SPAA

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The SMSF Professionals’ Association of Australia (SPAA) welcomes the passage of legislation that implements an administrative penalty regime for SMSF trustees who breach the superannuation law. The penalties will apply

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Regulators, Treasury say SMSFs ‘performing well’

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The SMSF sector has been strongly endorsed by both sides of politics, the regulators and Treasury at the SMSF Professionals’ Association of Australia (SPAA) national conference in Brisbane. SPAA CEO

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SPAA takes responsible position on LRBAs

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The decision by the SMSF Professionals’ Association of Australia (SPAA) to engage with government, regulators and industry on Limited Recourse Borrowing Arrangements (LRBAs) exemplified its commitment to improving professional standards

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Appeal of SMSFs spreading to younger generations, says report

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The demand for SMSFs among younger people is growing apace, according to the latest research report commissioned by the SMSF Professionals’ Association of Australia (SPAA) and Russell Investments. The report,

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SPAA wants Government to address accurate costing of super tax concessions

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The need for a higher concessional cap and the accurate costing of superannuation taxation concessions are two key issues the SMSF Professionals’ Association of Australia (SPAA) raises in its submission

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SPAA opposes compensation for SMSFs

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The SMSF Professionals’ Association of Australia (SPAA) remains steadfastly opposed to any form of compensation scheme for self managed super funds (SMSFs). SPAA CEO Andrea Slattery was responding to a

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ASX to launch a new managed funds settlement service

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ASX has received regulatory clearance to launch its new managed funds settlement solution – mFund Settlement Service. It will be launched in the first half of this calendar year following the

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Decision on SMSF penalties gets thumbs up from SPAA

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The decision by the Federal Government to give the Australian Taxation Office (ATO) flexible and cost effective penalties to handle SMSFs that breach the law will ensure the system is

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SPAA welcomes ASIC aim to improve standard of advice

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The SMSF Professionals’ Association of Australia (SPAA) has welcomed ASIC’s goal to improve the standard of advice given to prospective SMSF trustees. Outlining SPAA’s stance on advisor training and education

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