In an article for the Business Day section of the Sydney Morning Herald, Nassim Khadem and Ruth Liew talk about the cancellation of 440 SMSF auditors’ registration owing to their failure to meet standards of competency.
Category: Summary Archives
ASIC Issues Further Guidance to SMSF Trustees
A media release on the website of Australian Securities and Investment Commission (ASIC) talks about the premier body’s further guidance to SMSF trustees so that they can better prepare and hand over retirement estimates to their fund members.
Can SMSF Audits Be Fully Automated?
With continued advancement of artificial intelligence (AI), complete automation of SMSF audits clearly looks like a possibility, reports Katarina Taurian in an article for the SMSF Adviser. SMSFs, owing to their basic transaction structure can gain more from such automation. Of course, all this if machine learning and AI keeps improving!
Lifetime Caps to Replace Annual Concessional Contributions
An article on the website Super Review talks about a lifetime caps that could come to replace the annual concessional contributions ceiling. This way, individuals would be able to make greater contributions at the closing stages of their working lives without fearing penalties.
Growth Funds Increase by 2.2% in 2014/2015
Piggybacking on strong performances in properties and listed shares, median growth funds have exhibited a hike of 2.2% through the months of July and August. Scott Hodder, in an article for the website Investor Daily, suggests that the good performance can be put down to the investment strategy of the growth funds.
SuperStream Contributions Processing has Started
SuperStream, the new payment standard that marks the shift from manual to electronic Super contributions, has got its first kick. An article on the website SMSF Adviser informs that SuperStream contributions processing has started.
