SYDNEY – 29 July 2013: Super changes galore post July 1. After surviving June 30 there are changes aplenty in the superannuation arena, says Michael Hallinan special counsel superannuation Townsends Business & Corporate Lawyers. 1. New powers for the ATO: the ATO will have the power to make mandatory directions in relation to education of trustees, directions […]
SMSF
Explosion in SMSF media outlets is not a good thing for consumer
You may be staggered to know that there are now 47 media outlets that are covering retail/industry financial services predominately with an SMSF flavour.
Newsflash: It’s forward to the past with in specie
SYDNEY – Wednesday 26 June 2013 The Federal Government has abandoned its in specie transfer crack-down, but it has done so discretely, a leading financial services lawyer says. ‘The Government has backed away from proposing to regulate the acquisition and disposal of assets by SMSFs where the other party is a related party; consequently, the […]
Newsflash: Industry funds ‘incubate’ SMSFs, says lawyer
SYDNEY – Friday 28 June 2013 – Industry funds are the incubators for SMSFs, a leading financial services lawyer says. ‘The future of super does seem to be between industry funds and SMSFs with industry funds acting as incubators for SMSFs,’ says Michael Hallinan special counsel superannuation Townsends Business & Corporate Lawyers. Possibly the most […]
Newsflash: Chaos reigns over contributions, says lawyer
Chaos and confusion reign about contributions to SMSFs, says Caroline Harley, an Associate at Townsends Business & Corporate Lawyers.
Newsflash: SMSFs miss global stocks’ upside, fund manager warns
SMSFs are missing the upside of global stocks because many trustees do not invest offshore due to the cumbersome and expensive process, a leading wealth builder has warned. ‘One of the reasons that SMSFs don’t invest much in offshore stocks is because it is fairly cumbersome and expensive to do so,’ says Crystal Wealth executive […]
Newsflash … pre-Budget commentary: SMSFs are still a worthwhile investment
Newsflash … pre-Budget comment on SMSFs and property SYDNEY Monday 29 April 2013 – Despite proposed Federal Budget changes to superannuation, SMSFs are still a worthwhile investment, a leading lawyer says. Highlights For super investors with very large super balances, there will be a reduction in level of concessions, but this reduction must be kept […]
Ensuring that the trust deed is compliant and up to date is a duty of the trustee
Ensuring that the trust deed is compliant and up to date is a duty of the trustee: Townsends Business & Corporate Lawyers Drafting and mending a superannuation trust deed is not a power that the trustee has discretion to perform or not to perform and is a function that the trustee has to delegate to […]