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Annabelle Dickson
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ATO declares war on SMSF trustee misconduct

The Australian Taxation Office (ATO) is targeting what it says is a worrying increase in badly behaved self-managed superannuation trustees. It plans to apply harsher penalties. Speaking at the SMSF Association National Conference, Dana Fleming ATO assistant commissioner of the…

Downsizer contributions: the gold is where there aren’t any rules

Despite its name, SMSF trustees do not have to downsize their property to get the benefits of the downsizer contribution. The rules are short and simple and easily applicable, according to an SMSF specialist. Speaking at the SMSF Association Conference…

Fewer IPOs but better returns

Initial public offerings (IPOs) on the Australian Securities Exchange produced significant returns for investors last year, if they could get their hands on the few listings that were offered. More than half of the listings in 2019 posted year-end gains…

CBA partners with buy now pay later specialist

Commonwealth Bank customers will be amongst the first shoppers to access to Swedish buy now pay later (BNPL) service, Klarna, as they launch their partnership in Australia. CBA’s 5.6 million CommBank app users can access Klarna through the mobile banking…

Why financial advice should be part of your self-care

Financial security is a vital aspect of an individual’s overall wellbeing, with positive impacts on mental health, according to new research. Fidelity International’s latest report in conjunction with CoreData, The Value of Advice, reveals more than half of respondents consider…

Libra hits more hurdles

In the latest setback for Facebook’s plans to launch Calibra, Vodafone has left the Libra Association and financial regulators are coming down on the cryptocurrency. Calibra is the digital wallet for the Libra stablecoin, which is currently under development and…

DRP vs DSSP

Q: I have recently invested in Australian Foundation Investment Company (AFIC) and have encountered an unusual choice between a dividend reinvestment plan (DRP) and a dividend substitution share plan (DSSP). What is the difference between the two and how do…

Beware of bushfire insurance claim rip-offs

Australians whose homes have been affected by the bushfire crisis are being warned to steer clear of potential exploitation with their insurance claims from insurance claims management services and dishonest tradespeople. The Insurance Council of Australia (ICA) reports that insurers…

First home deposit scheme opens for business

The First Home Loan Deposit Scheme (FHLDS) is in full swing with buyers now able to apply for a mortgage with a discounted deposit. The scheme has its critics. The scheme will support 10,000 first home buyers each financial year,…

The best of 2019

We are marking the start of 2020 with a special first edition of The Inside Investor, featuring the top stories of 2019 from our previous masthead, The Rub. We covered a lot of regulatory changes and fintech news over the…