Monthly Archives: July 2015

Gold Coast office relocation

Superfund Partners is relocating our Broadbeach office from the 31st of  August 2015 to 10 Short Street Southport.

Why the move?

Superfund Partners started with two desks back in 2010 and due to strong growth and the merger with My Super Advisor we moved to our current stand-alone Broadbeach office in 2013.

We now have an opportunity to combine resources with our parent company Quill (who will be located within the same building) while still maintaining our own brand and independence – the best of both worlds.  By sharing overheads we can better combat the rising cost of doing business and continue to provide our services at an appropriate price point.

Superfund Partners has unashamedly embraced cloud technology since our inception.  As we’ve grown so has our need for a robust internet infrastructure. By moving into the CBD of Southport, we have access to faster, higher capacity broadband which will ensure we can continue to perform work efficiently for our clients.

Pay your ASIC fees in advance and relax

We always recommend our clients use a special purpose trustee company for their SMSF. Once the trustee company is set up, the ongoing maintenance to look after it is relatively simple, but very costly if you get it wrong as the Australian Securities & Investments Commission (ASIC) can levy hard penalties that are difficult – if not impossible – to get remitted.

In this article we will show you how to make looking after your SMSF trustee company easy and save you money at the same time.

ASIC late fees

Although the annual review fee for special purpose trustee companies is relatively low ($46 as of 1 July 2015), if a client doesn’t pay on time, the late payment fees ASIC applies are quite onerous:

  • Up to one month late – $75
  • More than one month – $312

So how can you ensure you avoid these hefty fees, as well as simplifying the administration of your SMSF trustee company?

Greek debit ‘crisis’ – should you be worried?

It seems as if the moment of reckoning may have arrived for Greece.  Global news outlets are airing footage of long lines outside of Greek banks over the weekend before the government announced a bank holiday and capital controls.

That it has come to this is not a surprise. The only surprise is that it has taken this long! Since the Greek Financial Crisis Mk1 there have been countless rounds of negotiations between Greece and the so called Troika made up of the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF).  The fate seemed to be sealed in January after the election of the Syriza party. On the announcement I tweeted (follow me on twitter @marks_thinking) ‘..the people have spoken in democratic Greece. We do not want to pay our debts when they fall due’.

President Alexis Tsipras couldn’t be seen to bow to the Troika, since his platform was to stand up to the ‘oppressive’