Page 9 - Technical Strategy News Today

The Financial Services Council (FSC) says that prior study and education undertaken by advisers should be recognised following the FASEA transition in 2026.

With the recent release of draft amendments on how contributions will interact with non-arms length provisions, there are concerns that the new changes may create a retrospective challenge for practitioners as it reshapes industry approach on certain contributions.

On 22 June 2020, the Treasury Laws Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth)) received royal assent, which introduced the requirement for all directors of a company in Au

With the new changes to ECPI rules around DSFA, there can be uncertain timing interactions from accumulation interest that can affect the soley retirement phase application, requiring further ATO guidance on how it will treat the fund in certain situations, according to a technical specialist.

Its safe to say that the SMSF industry was never going to sanction LCR 2021/2 ("the LCR") in any form. But as it is now law, we have to make sense of the LCR and start getting NALI.

Marketplace lending platform CrowdProperty Australia has raised $1.5 million to expand its SME property development finance offering, wholesale and SMSF investment opportunities.

ASIC has made further extensions to the COVID-19 temporary financial advice relief measures for financial advisers.

SMSFs making valuations of private company shares and trusts will need to ensure early preparation to meet any arising difficulties and costs that can commonly be ignored resulting in increased scrutiny from the regulator, according to a technical specialist.

The financial advice industry bodies have praised a new proposed advice framework put together by the Financial Service Council (FSC) which it says could reduce the cost of advice by almost 40 per cent.

Recent developments in legal professional privilege (LPP) has provided a wider scope of its applications in the tax space with the need to monitor how it will play out for practitioners and their clients.