SMSF property advice leads to 3 year exclusion from financial services

ASIC has accepted an Enforceable Undertaking from a Gold Coast accountant preventing her from providing financial services for three years, following an investigation into SMSF advice involving property. The regulator says it found Jenan Oslem Thorne (also known as Cenan Thorne or Cenan Dikmen) had “failed to act in the… Read More »SMSF property advice leads to 3 year exclusion from financial services

This time it’s Labor and the Greens standing in the way of cheaper super

Written by Brendan Coates, Fellow with the Grattan Institute. Parliament is failing workers with superannuation. And this time it’s Labor and the Greens who are doing it. The Coalition’s Protecting Your Super Package Bill was designed to cut the unnecessary costs in super, significantly boosting balances when workers retire. It was… Read More »This time it’s Labor and the Greens standing in the way of cheaper super

Diminished ‘Protecting Your Super’ Bill passes Parliament

The diminished ‘Protecting Your Super’ Bill has passed the Parliament. Last week the Government, in a deal with the Greens, stripped out the insurance changes from its Treasury Laws Amendment (Protecting Your Superannuation Package) Bill 2018. The Bill, with other amendments, passed the Senate, and now the House has passed… Read More »Diminished ‘Protecting Your Super’ Bill passes Parliament

Court restrains unlicensed SMSF property advice business

The Supreme Court of Queensland has issued orders restraining an individual and a company from conducting an unlicensed financial services business advising on SMSFs and property. Late last year ASIC commenced legal proceedings against Richard Gardner – a credit representative and former financial adviser – and Advanced Wealth Financial Services… Read More »Court restrains unlicensed SMSF property advice business

Government drops opt-in insurance from Protecting Your Super package

The Government has dropped the core part of its ‘Protecting Your Super’ package – changing insurance in superannuation for young people – to get the Bill through the Senate with the support of the Greens, despite Labor saying it supports the Bill. The Government’s Treasury Laws Amendment (Protecting Your Superannuation… Read More »Government drops opt-in insurance from Protecting Your Super package