What should those of us working in the area of public relations and communications be aware of when helping to promote financial products for our clients?
compliance
SUPERCentral releases new compliance technology platform
SUPERCentral has released a new digital compliance platform for advisers and accountants incorporating a large range of digitised wealth management documents.
New headaches for NSW property owned by SMSFs
Amendments made last month to the NSW Duties Act could cause material headaches to super funds holding real estate in NSW.
Electronic signatures – permanent measures coming
What were once the rules about executing legal documents using handwritten (so-called ‘wet’) signatures have been completely altered to allow for Covid-19 safety measures.
Can several entities jointly qualify to be a “sophisticated investor”?
A ‘sophisticated investor’ is a person certified by a “qualified accountant” to have a prescribed level of net assets or gross income.
Does a criminal record disqualify you as an SMSF trustee?
It is best for SMSF trustees to continuously maintain a clean record to keep their SMSF but getting a criminal record is not yet the end of the world.
Actuarial certificate requirements burden reduced slightly
The compliance and cost burden for SMSFs which are entirely in retirement phase during a financial year may now be reduced as they will no longer be required to obtain an actuarial certificate to determine their “exempt current pension income”.
SMSFs not to be subject to retirement income covenant
Only a few months ago, the Government was proposing that trustees of self-managed superannuation funds (SMSFs) were to be subject to a retirement income covenant, which would require the trustee to have a strategy that outlines how the trustees plan to assist their members to balance three objectives; namely maximising their retirement income, managing risks and having flexibility to access super savings.