Sally Rose writes a piece for the website AFR Weekend wherein she states that the Abbott government has shown clear signal that it has decided against implementing recommendations of the Financial System Inquiry (FSI). The FSI had asked for a complete ban on the SMSF-enabled borrowing for real estate investments.
Super News
SMSF Sector Getting Closer to ETFs
An article on the website SMSF Adviser states that nearly $300 million has flown into the Exchange-traded Funds in the month of August and a smart percentage has been contributed by the SMSF sector. SMSF trustees as well as retirees are making a fair shout for the exchange-traded funds.
Westpac Brings Down LVR For Residential Lending through SMSF
Duncan Hughes puts together an article for the website AFR Weekend wherein he talks about Westpac’s move to curb loan-to-value ratio (LVR) for SMSF-enabled borrowing on residential real estate. There are concerns that a good number of buyers have already paid too much and may find it difficult to keep abreast with the mortgage liability if rental rates fall further.
Dixon Advisory Fined for Misleading Through Its Website
Sarah Danckert writes a piece for the Business Day section of the Sydney Morning Herald wherein she talks about the fine imposed on Dixon Advisory, one of the biggest and most reputed Super Fund houses in the country. “Potentially misleading” advertisements have cost them $10,200.
Property Investors Vote For Favourite SMSF Advisers
An article on the website SMSF Adviser talks about a round of voting aimed at selecting the favourite SMSF adviser practicing in Australia. Just as investors are ready to drop the names of advisers who give them a raw deal, they are more than willing to publically appreciate those advisers who give meaningful advice and help the cause of their SMSFs.
Family in Legal Battle Over Binding Death Benefit Nomination
A case that has recently come within public scrutiny deals with the binding death benefit nomination. It talks about how the present trustees (adult daughters) and former trustee (second wife) are battling over the estate and coming to grips with the exorbitant legal bills.
