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Thank you John Maroney. The privilege was ours. #NC2023

Labor doubles tax on superannuation balances over $3m At first glance appears good that it’s not a hard cap that would force asset sales. But Governments have a history of reducing thresholds when needed. afr.com/news/former-ca…

'More work to be done' on accountants’ advice framework: SMSF Association Tracey Scotchbrook 💯% Perverse where an industry fund employee can provide personal advice, but many highly qualified, experienced professionals can't even recommend a bank account for an SMSF! smsfadviser.com/news/22135-mor…

I'm not against additional taxes for 'very high' super balances, but the following would improve the proposal: 1) Indexing the $3m cap; 2) Using a notional earnings calc similar to excess contributions; Seems a very rushed policy. afr.com/politics/feder…

I couldn't agree more Meg Heffron Right idea. Wrong (potential) execution. Or, the underlying intention is for people to pull the excess out of super (assuming retirement phase) and hold assets via alternative structures like companies and trusts. Nefarious or incompetent?

I was today years old when I learned my great-grandfather died in a brewery. And yes, he did have Irish heritage ☘️

Chalmers’ super plans risk spurring a flight to SMSF The trend to set up an #SMSF is still strong and driven by demographic changes. Government tinkering highlights the desire for control. afr.com/companies/fina…

A former bikie walked into a government-owned mint to buy gold. It didn't ask any questions - ABC News Maybe he was buying it as part of his #SMSF investment strategy? 🤷‍♂️ apple.news/AbR5UPMjtSX6m9…

Industry flags ‘enormous flaw’ in super tax proposal Good article outlining the two major flaws in the proposed policy: 1) No indexation; 2) Calculation method will tax unrealised gains. Easy fix: Index the $3m cap + use notional earnings calculation. moneymanagement.com.au/news/policy-re…

Interesting read: A quarry and an unfair tax system: Why is this the economy young Australians are inheriting? - ABC News abc.net.au/news/2023-03-1…

‘Could do better’, ASIC tells super industry after insurance review 'Could do better' is also what most advisers tell their clients when they review their industry super fund insurances 😂 professionalplanner.com.au/2023/04/could-…

SMSFs driving growth of ETFs: expert Couldn't agree more. Definitely seeing higher allocation to ETFs in #SMSF portfolios. Good commentary Stockspot and SMSF Adviser smsfadviser.com/news/22337-sms…

Happy #StarWarsDay

5 tips from billionaires who’ve stayed on the List for decades “Every day I look at professionals that work with me & I’m amazed how smart they are with financial things” he says. “Australia is full of talented people who should have their own businesses” afr.com/brand/chanticl…

Reports of the demise of SMSFs are unfounded firstlinks.com.au/reports-demise…

Canadian farmer ordered to pay $92k over thumbs-up emoji 👍 news.com.au/finance/money/…

Beware SMSF property sharks This article is over 5 years old and still rings true. eurekareport.com.au/investment-new…

If only there were thousands of highly trained financial professionals capable of giving non-comprehensive financial advice on areas such as superannuation and SMSF 🤔 Nah, it’s cool. Let’s just get bank and super fund employees to do it 😐 afr.com/companies/fina…