News

Pressure on the Size of the Approved Products List

03/12/2009

The recent decision of the Financial Ombudsman’s Service in the Basis Capital case and the Ripoll Inquiry’s recommendation that financial advisers have a legislated fiduciary duty to clients will result in considerable pressure on advisers to review their approved products, particularly the number of products on the list.

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GFC and Pensions

03/12/2009

While the Government has for the current financial year halved the minimum pension limit for account-based and transition to retirement pensions what if the fund cannot pay the reduced pension limit?

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What if the Market Recovers Before Next Balance Date?

03/12/2009

In this case, the ATO may overlook the failure to implement the divestment strategy.

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What Happens if the Asset Intended to be Sold Could Not Be Sold by the Due Date?

03/12/2009

In this case, the ATO may overlook the failure to implement the divestment strategy.

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In House Assets Rules ATO Gives Some Concessions!

03/12/2009

The ATO has indicated that it will provide some extra statutory concessions from the rigorous application of the In house asset rules.

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