Archive | Compliance

Ken Henry

Ken forgot it was Kenneth’s stage

Ken Henry deserves to be remembered for a remarkable contribution to Australia including the GFC rescue package, not for a few hours of misjudgement at the Royal Commission, being true to form.

common mistakes to avoid

5 common mistakes in running an SMSF

The tax benefits of holding money in an SMSF come with a responsibility to follow the rules, and the penalties can be severe for what seem like innocent or mistaken breaches.

Hayne pointing

8 problems the Royal Commission missed

The Royal Commission did good work but it is not above criticism: faced with limited time, it spent too long on some subjects and missed crucial issues that will impact millions.

Final report

Royal Commission Final Report highlights

After a year of analysing financial services like it has never been done before, the RC Final Report was released today with 76 recommendations which are expected to be adopted. What will change?

bank trouble

The bank trouble started decades ago

The big institutions looked outside banking for growth, but found complex conglomerate structures hard to manage and needing different skills. Now it’s back to basics, just as another challenge looms.

permanent loss of capital

Risk is the permanent loss of capital

Two tenets of a successful investment philosophy: risk is the permanent loss of capital, and never succumb to either irrational exuberance or unjustified gloom. It takes discipline and strict adherence.

SMSF compliance scorecard

7 vital steps to compliance for your SMSF

A significant compliance breach can materially affect the tax effectiveness of your SMSF, so check you are complying with these seven steps and stay on top of the administration and obligations.

borrow residential

Heed my problems borrowing in my SMSF

Even for this experienced SMSF technical services executive, the tighter rules for borrowing in his SMSF brought some unexpected problems. It’s much harder now than most people realise.

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