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News

SMSF Adviser
smsfadviser.com > holding-an-afsl-and-running-one-are-no-longer-the-same-thing

Holding an AFSL and running one are no longer the same thing

2+ day, 9+ hour ago   (483+ words) “I’ve got my licence, my documents are in order, so I’m covered.” I hear a version of this often from advisers who’ve made the move to self-licensing, and it’s a fair assumption. Getting your own AFSL takes real effort, and…...

SMSF Adviser
smsfadviser.com > asic-acts-against-36-smsf-auditors

ASIC acts against 36 SMSF auditors

2+ day, 1+ hour ago   (176+ words) The outcome represents a year-on-year increase in the number of actions taken against SMSF auditors. The actions address serious breaches of auditor obligations and reinforce ASIC’s focus on maintaining standards among gatekeepers responsible for auditing more than $1 trillion in SMSF…...

SMSF Adviser
smsfadviser.com > new-deeming-thresholds-could-deliver-small-part-age-pension

New deeming thresholds could deliver small part age pension

3+ day, 2+ hour ago   (328+ words) Michael Hallinan, special counsel for SUPERCentral, said the deeming rate threshold from 1 July 2026 will be $66,800 for single age pensioners (previously $64,200) and $110,600 for coupled age pensioners (previously $106,200). The income-free area per fortnight from 1 July 2026 will be $226 for single age pensioners (previously…...

SMSF Adviser
smsfadviser.com > rushing-residential-investment-to-meet-deadline-a-recipe-for-risk

Rushing residential investment to meet deadline a recipe for risk

3+ day, 2+ hour ago   (776+ words) Timms said in the past few weeks there has been an increase in the number of people seeking advice about the encroaching deadline. “I have never seen anything like it. I mean, it feels like it’s created this urgency on…...

SMSF Adviser
smsfadviser.com > deceased-estate-with-no-assets-held-liable-to-975000-challenge-20-years-after-willmakers-death

Deceased estate with no assets held liable to $975,000 challenge 20 years after willmaker's death

3+ day, 2+ hour ago   (979+ words) Matthew Burgess, director of View Legal, told SMSF Adviser the decision in Pronesti v Napoli (No 2) [2026] NSWSC 856 dealt with an “aggrieved applicant” who had around $3 million in assets (although was yet to reach a property settlement with his former wife)…...

SMSF Adviser
smsfadviser.com > smsf-audit-needs-quality-not-just-numbers

SMSF audit needs quality, not just numbers

4+ day, 10+ hour ago   (701+ words) Naz Randeria, Reliance Auditing Services I do not believe this should be framed as an immediate capacity issue. Many established SMSF audit firms with proper systems, trained teams and quality controls continue to service the market. The more important question…...

SMSF Adviser
smsfadviser.com > epoa-a-vital-element-of-smsfs-to-alleviate-future-problems

EPOA a vital element of SMSFs to alleviate future problems

4+ day, 2+ hour ago   (706+ words) “Most of the time our clients with SMSFs are usually involved in running their fund. They’re usually the trustees and the members as well. So everyone’s involved in the decision making,” Annie Dawson, senior SMSF specialist for Heffron, said. “However,…...

SMSF Adviser
smsfadviser.com > death-of-a-member-and-control-of-fund-remains-challenging-issue

Death of a member and control of fund remains challenging issue

5+ day, 2+ hour ago   (294+ words) In a recent webinar for Super Guardian, Miller said the death of a member is an area which always needs to be planned for, especially in regard to what the fund has to do from a trustee perspective. “If you’ve…...

SMSF Adviser
smsfadviser.com > clarity-provided-with-changes-to-lcr-on-transfer-balance-cap

Clarity provided with changes to LCR on transfer balance cap

6+ day, 3+ hour ago   (587+ words) The ATO published the changes to LCR 2016/9A5 – Addendum (Superannuation reform: transfer balance cap) last week which further explains proportional indexation of the transfer balance cap, and superannuation income streams that are subject to a commutation authority as well as clarifying…...

SMSF Adviser
smsfadviser.com > growing-concern-over-retirement-balance

Growing concern over retirement balance

6+ day, 3+ hour ago   (422+ words) Howie said that with cost-of-living pressures, interest rate rises and uncertainty around recent Federal Budget changes, it’s understandable why many Australians feel less in control of when and how they retire. According to MLC’s new Real Retirement report, Gen Z…...