On 1 November 2021, we saw the launch of the Australian Business Registry Services (‘ARBS’), which forms part of the Government’s ‘Modernising Business Registers (MBR) Program’ to unify the Australian Business Register (ABR) and 31 business registers administered by the Australian Securities and Investments Commission (ASIC) onto a single platform. This platform is administered by…
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Have you ever been really interested in attending a training event, but needed to convince your boss to let you go? Events such as the SMSF day are an important way to learn about the latest issues and strategies around SMSFs, something which may professionals recognise and is why they attend each year. We understand that sending…
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It’s been fair to say that the past 18 months have been hectic – sure, our clients have been impacted substantially by the super reforms, but at a practice-level, these changes have arguably been as profound (maybe more) for you as a practitioner. Adjustments for the introduction of the transfer balance cap (TBC), regular reporting…
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Have you ever come across a SMSF client where the pension documentation is either lost, missing or insufficient? I’m sure you have, especially when clients switch from a former accountant or administrator to you. It’s probably not because the dog ate them, but rather So, how do you technically and practically deal with this situation? In…
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As part of the Government’s Mid Year Economic & Fiscal Outlook (MYEFO) released in December 2020, we have seen a proposed measure announced to amend the law to enable market linked pensions and defined benefit pensions to undertake a partial commutation of amounts in excess of the member’s transfer balance cap. https://budget.gov.au/2020-21/content/myefo/download/myefo-2020-21.pdf (refer to page…
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