SMSF’s reach record $558.6bn – still heavy cash

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Fresh data released this week shows Australian self-managed superannuation funds (SMSFs) have invested record amounts in cash investments despite low returns and the prospect of rising inflation. This may negatively

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Government pulls the wrong lever by delaying SuperStream

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A seasoned industry practitioner is highly critical of the Federal Government’s decision to push back the date by which superannuation funds must comply with the SuperStream contributions data standards. Superannuation

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SMSF regulatory settings working well, says SPAA

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Prudential supervision not need The current approach to regulating self managed superannuation funds (SMSFs) is appropriate and working well according to the SMSF Professionals’ Association of Australia (SPAA) submission to

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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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Government changes ‘strong argument’ to cut SMSF levy

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Recent Government measures that oversaw the clearing of a backlog of tax amendments should allow the SMSF levy to be reduced substantially in the May Budget, says Jordan George, Senior Manager,

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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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Support for flexible penalties ‘sign of SMSF industry maturity’

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The SMSF industry’s support for a Government measure to introduce more flexible penalties for trustees who breach the rules demonstrates the maturity, integrity and professionalism of the sector, says AMP

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SMSFs should consider risks of holding too much cash

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Australian self-managed superannuation funds (SMSFs) can take action to avoid poor real returns on cash investments, which represent nearly 30 per cent of all SMSF assets, according to Arian Neiron,

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ATO figures highlight SMSF trustees ‘responsible’ in retirement

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Australian Taxation Office figures highlight the fact that SMSF trustees are adopting a “responsible approach” to how they use their superannuation savings to live in retirement. Graeme Colley, Director Technical and

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Comparing superannuation sectors ‘a futile exercise’

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The latest Australian Taxation Office (ATO) figures on investment performance and fees for self managed super funds highlight the futility of comparing these funds with other superannuation sectors. Graeme Colley,

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