INDEPENDENT FINANCIAL ADVICE

Given that self-managed superannuation funds (SMSFs) enjoy substantial tax concessions, it comes as no surprise that the Australian Taxation Office wants to ensure trustees play by the rules and don't take advantage of the system.

Hence the existence of independent SMSF auditors, whose role is to check compliance and maintain the integrity of the SMSF sector through yearly audits.

From July 1, 2019, this will change for eligible...

A Perth lawn bowls club that faced closure due to an ageing membership and rising costs has become a thriving community social hub, thanks in part to the conversion of some of its greens to rollerskating rinks.

Mark Cameron, the vice-president of Bayswater Bowling Club, told ABC Radio Perth Focus that closing down was a real possibility seven years ago.

"If it wasn't for the major uproar from the community in Bayswater in b...

Banks would have to bluntly warn parents planning to guarantee their children's business debts that they risk losing their home, and that many small businesses end up failing, under proposals to the royal commission.

After the commission last month delved into parental guarantees of business loans, Bank of Queensland (BoQ),  Legal Aid NSW and the Finance Sector Union (FSU) backed changes to ensure guarantors were making in...