Assessing Efficiency News Today

The industry body has called on Labor to remove the ability for SMSFs to use limited recourse borrowing arrangements, labelling them a systemic risk.  More to come. 

The SMSF Association have given its full support to the Financial Services Council’s ‘White Paper on Financial Advice’, saying it will help to deliver cost savings and practical, relevant advice that consumers will understand.

The SMSF Association have given its full support to the Financial Services Council’s ‘White Paper on Financial Advice’, saying it will help to deliver cost savings and practical, relevant advice that consumers will understand.

The new advice reforms outlined in the recent FSC whitepaper will align industry goals of modernising financial advice and enhancing the professionalisation of the advice sector, according to the SMSF Association.

The SMSF Association have given its full support to the Financial Services Council’s ‘White Paper on Financial Advice’, saying it will help to deliver cost savings and practical, relevant advice that consumers will understand.

Australian Treasury The Morrison Government has today passed legislation that will reunite Australians with more of their lost superannuation. The Treasury Laws Amendment (Reuniting More Superannuation) Act 2021 requires that accounts transferred from Eligible Rollover Funds to the ATO will, where possible, be proactively reunited with a member’s superannuation account, or directly with the individual where eligible, within 28 days. This will remove large numbers of duplicate superannuation a...