Profile Blog

The ATO wants to ensure that, when an SMSF has a significant majority of its investments in a single asset class, the trustees have considered, as part of the investment strategy, the risks which could arise from that limited diversification.

Through the course of this article, we will consider the ATO requirements of SMSF trustees, and the auditor of the fund, regarding the issue of diversification of fund investments.
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The short answer is changes to industry regulations to improve transparency for clients. More detail is outlined below.

The regulator (ASIC) recently changed the rules so that commissions paid to planners from super funds must cease completely from 1st January 2021.

Also, as many of you know, similar changes to industry regulations back on 1 July 2013 started the cessation of commissions paid to planners from super funds and the reduction by 50% of upfront commissions on insurance products.
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Shane Oliver – Investors should expect more sharemarket volatility over the next year as the trade war between the US and China ratchets up, according to AMP Capital.

 

In a recent blog post, the fund manager’s head of investment strategy and chief economist, Shane Oliver, said the US–China trade war had escalated again in August and new tariffs had come into force on 1 September.
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Later this month around 630,000 Australians currently qualifying for a partial age pension will receive a welcome fortnightly payments boost.

How much extra is received by individuals and couples in this cohort – a subset of the approximately 2.5 million people who are paid an age pension benefit – will vary and depend on their total level of financial assets.

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The International Monetary Fund (IMF) grabbed headlines this month on releasing its latest World Economic Outlook report, downgrading its global growth forecasts to the lowest levels since the 2008-09 financial crisis.

 

Pointing to heightened economic and political uncertainty, particularly in China and the United States, the IMF cut its 2019 global growth forecast by 0.3 per cent to 3 per cent, and its 2020 estimate by 0.2 per cent to 3.4 per cent.

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