SMSF

A game-changer for managed funds?

The launch early in February this year of Australia’s first unlisted fund to be quoted on the ASX, by Magellan group and its administrator, Mainstream, took a while to sink in, not helped by the dislocation caused by the pandemic

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HESTA continues its evolution

The $52 billion health sector focused industry fund HESTA announced the appointment of Alan Sheen as head of portfolio management this week. Sheen comes direct from the private sector, leaving the absolute-return firm he founded, Dalton Street Capital, to add

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SMSF operating costs get a reality check

Clients who have put off establishing a self-managed super fund due to the assumed high costs may be put at ease after the Australian Taxation Office released the median cost of an SMSF which is significantly lower than earlier reported

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Covid-19, market turmoil, prompt move to SMSFs

Preliminary unofficial data on registrations of self-managed super funds (SMSFs) points to resurgent popularity of the vehicle. While Australian Taxation Office (ATO) data has not been officially updated, unofficial numbers have been shared at conferences showing a spike in registrations,

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SMSF auditors in hot water

SMSF auditors have been put on notice after the Tax Practitioners Board (TPB) found several tax practitioners falsifying self-managed superannuation fund annual returns. Seventy-four tax practitioners have been identified after lodging 2017 and 2018 SMSF annual returns with an incorrect

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Deadline looms for SMSF borrowers

Trustees of self-managed superannuation funds who are thinking of using a limited recourse borrowing arrangement to fund the purchase of an asset for their fund have until July 1 to set up their LRBA without falling under new law that

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Tax change casts a shadow over SMSF borrowing

Members of self-managed superannuation funds will have their share of any limited recourse borrowing arrangement counted as part of their total superannuation balance, under changes proposed by the Government. The Treasury has issued a consultation paper, Superannuation Tax Integrity Measures,

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Shopping for a good SMSF loan deal

Self-managed super funds have $28.6 billion of limited recourse borrowing arrangements outstanding, which means means that about 4 per cent of SMSF assets are financed with debt. The value of SMSF borrowings increased 12.8 per cent over 12 months. Most

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Andrew Ang

ATO eases SMSF event-based reporting burden

The Australian Taxation Office has finalised arrangements for the introduction of new “event-based” reporting rules for self-managed superannuation funds, with some important modifications to its original proposal. The new reporting requirements, which take effect from July 1 next year, are

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