Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREMore administrative hurdles flagged with work test exemption
The Financial Services Council has raised concerns about costly and inefficient outcomes that could arise with the proposed work test exemption where a member believes they are under the TSB threshold based on incorrect information.
In a submission to Treasury on the work test exemption for recent retirees, the Financial Services Council (FSC) said further consideration is required in relation to how funds and the ATO can deal with a contribution where a member genuinely believes that they were under the total superannuation balance (TSB) threshold but this information subsequently turns out to be incorrect.
Read the full article at SMSF Adviser.
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ASIC floats more changes to licences amid education changes
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