You may have noticed significant media coverage recently regarding the Australian Labor Party’s proposed policy to stop SMSFs from receiving tax refunds for the franking credits they receive in conjunction with the dividends paid from Australian companies they own. What are franking credits and how do they benefit SMSFs? Under the Australian tax system companies [...]
Hales Douglass Financial Services is not owned by a large bank or financial institution. Instead, we’ve set up our own financial services licence, which means we’re directly responsible to ASIC and to our clients only. The advice we provide to our clients is purely in their best interest, as we don’t take volume rebates or [...]
Hales Douglass clients guaranteed ‘best interest’ advice regardless of FOFA’s future. FOFA (Future of Financial Advice Act) was introduced mid last year to protect consumers and require financial planners to act in the best interests of their clients, also prohibiting them from obtaining sales commissions and other forms of conflicted remuneration. The fate of FOFA [...]
