MySuper legislation

Administration

The sting in Stronger Super

The fourth tranche of MySuper legislation ushers in an era of instant regulator fines. Adapting won’t be easy, but it is impossible without understanding the mechanics and subject matter of infringement notices. APRA powers Infringement notice procedures are severe, almost draconian, and the risks they create should be carefully considered. Sections 224 to 224E inform […]
CMSF

Maximising tax efficiency

There have been a number of studies that look at the after-tax returns of investment managers and conclude that for individual taxable investors, most managers do not generate enough excess return to cover the tax bill caused by the resulting capital gains tax. Superannuation funds have a lower tax rate than individuals, but the tax […]