Over the Wire (OTW) News

Kalkine

Neutral

1d ago

Highlights A lump sum offers timing control, while a pension offers regular income. Conditions of release and the trust deed apply to both payment types. Tax, fund earnings and benefits tests all shape the choice. An SMSF member may prefer a lump sum for control over timing, a specific purpose for the money or simpler fund administration. A pension instead provides regular payments and can keep fund earnings tax free. Both need a condition of release, deed authority and clear records before p...

Kalkine

Neutral

1d ago

Highlights Recovery typically runs through the tenancy bond, the fund's landlord insurance and, where needed, a claim against the tenant. All money flows through the fund's own account, with receipts and repair invoices recorded for the auditor. Repairs restore the asset, whereas improvements can raise questions under a limited recourse loan. Can an SMSF recover the cost of tenant damage? Generally yes, by drawing on the tenancy bond, making a claim under the fund's landlord insurance, and pu...

Kalkine

Neutral

6d ago

Highlights An overdue audit can often be fixed by engaging an auditor and supplying evidence quickly. Late audits delay the annual return and can affect the fund's public status. Early contact with the ATO and a clear plan support a more constructive response. An SMSF overdue audit is often fixable before the ATO steps in if trustees act promptly: appoint an independent approved auditor, assemble the accounts and evidence, and lodge the return as soon as the audit is complete. Delay raises ri...

Kalkine

Neutral

6d ago

Highlights Trustee duties centre on the sole purpose, care and diligence, and separation of assets. Records, valuations and an annual audit give those duties evidence. The ATO can respond to breaches with education, rectification, penalties or disqualification. SMSF governance rests on a small set of trustee duties: running the fund solely to provide retirement or death benefits, acting honestly with care and skill, keeping fund and personal assets apart, maintaining a written investment stra...

The Federal Court has ruled against a challenge brought by public servant Edwin Kemp Attrill and Kaurna Arabana woman Janette Milera against the SA government's plans to redevelop the North Adelaide golf course.

The Sydney Roosters are through to the NRLW grand final, continuing their perfect season with a 20-10 victory over Canberra.

Stockhead

Neutral

25 Sept

One in three prospective investors don’t understand Labor’s budget tax changes – and many families are simply choosing not to ... Read More The post Families abandon investment plans over “complicated” tax reforms appeared first on Stockhead.

Kalkine

Neutral

24 Sept

Highlights An SMSF must meet a set of residency conditions at all times during the financial year to remain an Australian super fund and keep its tax concessions. A temporary absence can be managed, but a permanent move or contributions by non-resident members can make the fund non-complying. A long-proposed relaxation of the residency rules has still not been legislated, so trustees moving overseas must plan under the current rules. It can, but only if the self-managed super fund (SMSF) cont...

A Dockers victory would mean the world to this Perth student, who is making the journey from his university in the US state of Illinois to the MCG to watch the grand final.

Muse, Meta’s AI agent, helped handle my dental insurance, booked dinner reservations and created a podcast for me. It also required my most personal data, and trust.

Stockhead

Neutral

23 Sept

Property prices are dropping yet buying a home has never felt further out of reach … and more interest rate ... Read More The post Government policy pain, rising rates crush housing affordability appeared first on Stockhead.

Bayern Munich players take issue as Manchester City scores a crucial goal in their Women's Champions League clash as a flare sends purple smoke billowing nearby.

Kalkine

Neutral

22 Sept

Highlight An overdue SMSF annual return can result in the fund's regulation details being removed from Super Fund Lookup. Affected funds can experience disruption to rollovers and employer contributions until their status is restored. Keeping records current and lodging the annual return promptly can help trustees avoid unnecessary compliance and administration issues. What is the SMSF annual return The SMSF annual return is more than an income tax return. It brings together the fund's tax, re...

Kalkine

Neutral

22 Sept

Highlight An SMSF generally needs to satisfy the Australian superannuation fund requirements to retain its complying status and concessional tax treatment. Moving overseas can create risks around central management and control and the active member test. Proposed residency changes announced in the past have not replaced the current rules, so trustees should assess their circumstances under the requirements that currently apply. Why does SMSF residency matter? Residency is a fundamental part of...

The Fitzroy River in Rockhampton will host the events despite concerns over its current, length and crocodile inhabitants.

The national gym chain boasts that its members can visit any of 600 locations nationwide, but members risk being forced to pay more depending on where they train.

Ned Buckell often asks himself why he continues to run after enduring a decade of hell with a life-threatening infection and a hip replacement operation at 20 years old. The answer is pretty simple.

Motley Fool

Neutral

8 Sept

Twelve analysts, no sells, one ambitious target. The post Can Zip shares recover? Here's what the experts have to say appeared first on The Motley Fool Australia.

Down a break to the Wimbledon champion in the decisive third set of her US Open quarterfinal, Aryna Sabalenka tells herself "the match is over" to loosen herself up and storm into the semis for a sixth straight time.

Naomi Osaka wobbled through the second set to fight back and beat Kateřina Siniaková in three, while Madison Keys staved off five match points to keep her US Open dreams alive on day of high drama at Flushing Meadows.

Aryna Sabalenka has a fiery back-and-forth with a reporter after her second-round win at the US Open.

South African authorities confirm they are reviewing a flyover during a rugby match against New Zealand that saw two jets perilously close to the stadium roof.

Cats midfielder Tom Atkins is adamant the club's concussion saga has not been a distraction for the players as they prepare for an elimination final against the Blues.

Essendon has named Mark McVeigh as senior coach one day after a 10-point loss and worst season in club history.

Kalkine

Neutral

24 Aug

Highlights Australian shares started the week on firmer ground as market leadership broadened across resources, technology, healthcare and energy. Data#3 led the strongest individual movers after its latest company update, while uranium and mining names also featured prominently. Sector rotation remained uneven, with consumer staples, financials and communications failing to share fully in the broader market improvement. Australian shares opened the week with a more constructive tone as the S...

England bowler Brydon Carse is being investigated over a video appearing to show him being led away from a nightclub in handcuffs by police.

A bookkeeper who worked for a nightclub majority-owned by her ex-husband has won compensation for unfair dismissal after being fired over misconduct.

A lawyer representing a third woman involved in the Sydney Swans scandal says a potential civil lawsuit is being looked at.

Alex de Minaur is stunned by Arthur Fils at the Cincinnati Masters, throwing a spanner in the works for his US Open seeding.

Sydney's longest-tenured coach, John Longmire, breaks his public silence after five players were suspended by the club.

Stockhead

Neutral

16 Aug

IPW Advisory has initiated CCO coverage with valuation scenarios pointing to potential upside of between 180% and 350%. ... Read More The post IPW Advisory launches coverage on The Calmer Co with up to 350pc upside appeared first on Stockhead.

England skipper Joe Root says the midnight curfews in place at the end of the Bazball reign have been ditched as he called on his players to "be adults" in the new era.

Kalkine

Neutral

11 Aug

Highlights Moving average systems generate systematic trading signals for trend identification Crossover patterns reveal trend initiation and potential reversals Trend-following technical systems using moving average crossovers provide mechanical frameworks for identifying sustained price moves and managing systematic exposure Trend-following technical systems using moving average crossovers provide mechanical frameworks for identifying sustained price moves and managing systematic exposure...

If Michele Bullock wanted to dial down bets that the cash rate had peaked, it worked a treat as her blunt message unwound a rally in bonds. Not everyone is convinced.

Geelong is about to reply to the AFL's please explain as the Cats brace for a potential massive penalty over the secret concussion deal with Jake Kolodjashnij.

Escalating gangland tensions see a junior member of the Alameddines benched from playing rugby league, but his brother has been given the green light to play.

Carlton has held off a St Kilda fightback to claim the opening win of the new AFLW season by 26 points in an entertaining game that made a case for more double header fixtures.

Former AFLPA chief and Tigers player Joel Bowden calls for a Senate committee hearing into the secret waiver involving a Geelong player with concussion history, calling the move "gambling with a young person's health and safety".

Stockhead

Neutral

7 Aug

Two Chinese tech giants want to develop data centres in Australia. Jim Chalmers and FIRB have tough decisions to make. ... Read More The post Tech giants to test government on Chinese investment with data centre push appeared first on Stockhead.

Kimberley Le Court of Mauritius emerges victorious in a reduced sprint to win stage six of the Tour de France Femmes, as Swiss rider Marlen Reusser holds on to the overall lead with three stages remaining.

The AFL warns clubs they risk being sanctioned should they rest players in round 24, but several coaches say they will not be paying attention to the memo.

FIFA's chief operating officer, Kevin Lamour, says "he will sleep well tonight" after hitting out at president Gianni Infantino over plans to sell stakes in the organisation.

Stockhead

Neutral

31 July

As AI moves from pilots to production, boards should shift from technology curiosity to disciplined accountability, proportionate risk oversight and ... Read More The post Need to govern AI before it governs you appeared first on Stockhead.