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Showing 51 - 60 of 201 results for "Australian Tax Office"

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A new report by the Council of Financial Regulators (CFR) and the Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government ...

DomaCom concludes Federal Court action

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
... pleased with the court's decision, which represents a milestone for the SMSF industry. DomaCom said the Australian Tax Office had until 7 September 2018 to appeal the High Court's decision. "Our lawyers have advised no such appeal or application ...

SMSFA addresses policy hurdles

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... SMSFA felt the FASEA changes were "not going perhaps where we would like them." The morning session saw Australian Tax Office acting assistant commissioner SMSF segment Tara McLachlan advise the audience of issues affecting SMSFs in the first 18 months ...

Royal Commission work impeded: Hayne

DARREN SNYDER  |  THURSDAY, 2 AUG 2018
... advice." "Some of the documents do no more than record or constitute communications with APRA, ASIC or the Australian Tax Office," he said. "Some of them do no more than record particular governance and compliance issues that had arisen without any expression ...

Cryptocurrency interest underwhelming: Poll

KARREN VERGARA  |  MONDAY, 13 NOV 2017
... regulating the sector, however virtual currencies are yet to be recognised as legal tender. According to the Australian Tax Office, bitcoin valued less than $10,000 will not be subject to tax. However, if it is held as an investment, capital gains tax ...

ATO affirms SMSF event-based reporting rules

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... a balance of $1 million or more will be subject to an event-based reporting regime from 1 July 2018, the Australian Tax Office announced. SMSF members have 28 days after the end of the quarter to report an event, which would include the commencement ...

SMSFA supports quarterly reporting proposal

EMMA RAPAPORT  |  TUESDAY, 22 AUG 2017
The Australian Tax Office's decision to offer a quarterly option as part of a position paper on event-based reporting for the transfer balance cap has been endorsed by the SMSF Association. SMSF Association (SMSFA) chief executive John Maroney says ...

ATO pushes back SMSF returns deadline

KARREN VERGARA  |  MONDAY, 15 MAY 2017
The Australian Tax Office is extending its self-managed superannuation fund annual returns date for the 2015-16 reporting period to 30 June 2017. The superannuation reform, taking effect on July 1, is proving to be a "crucial transition" period for ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
The Australian Tax Office's "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance, a Senate committee report found. The ATO's reactive rather than proactive practices significantly ...

CBA reviews part-time staff earnings

JAMIE WILLIAMSON  |  FRIDAY, 3 MAR 2017
... said. In responding, CBA defended itself by citing the 2009 'Superannuation Guarantee Ruling' made by the Australian Tax Office regarding superannuation payable to employees, saying it is not obligated to do so for overtime worked by part-time staff. ...