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Showing 91 - 100 of 345 results for "Australian Taxation Office"

ATO allows ERS access to New Zealanders

ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2020
The Australian Taxation Office is allowing New Zealanders with KiwiSaver accounts to access the Early Release of Superannuation scheme through a loophole. In an update to its Design and Implementation document, the ATO said those with a KiwiSaver account ...

Trustee behaviour in a COVID-19 world

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
SMSF trustee behaviour will be under scrutiny from the Australian Taxation Office and they're set to face some tough penalties if they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF ...

No change of mind for ERS

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Taxation Office has said members who change their mind over the Early Release Super scheme will not be able to withdraw their applications. In an update to its Design and Implementation document the ATO outlined that only where there ...

AFP investigates ERS scams

ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... investigating a small number of scams in relation to the government's Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme have detected a small number of ...

ATO to determine duplicate ERS applications

ELIZA BAVIN  |  WEDNESDAY, 29 APR 2020
The Australian Taxation Office said it will determine if a person has made a duplicate application, telling funds to follow its determination. In an update to the ATO's ERS design and implementation document, the ATO said while the application process ...

Billions withdrawn from super

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... applications are now with the superannuation funds for their payment over the next five days," he said. The Australian Taxation Office said it had received 975,300 registrations of interest for the ERS scheme before applications officially opened on ...

Five day deadline tough but workable

ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
... and public sector funds Jo-Anne Bloch explained that administrators will receive a bulk file from the Australian Taxation Office informing them of the members that have been approved for early release of super. That bulk file will then be uploaded to ...

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
The Australian Taxation Office has confirmed over 881,000 Australians have registered their interest in the government's early release scheme. An ATO spokesperson told Financial Standard that while official applications for the COVID-19 early release ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
The Australian Taxation Office has clarified the rules for the Early Release Super scheme, allowing members to withdraw super from multiple funds. The ATO said while a member can only apply for one determination per financial year, they are able to ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
... now be able to claim 80 cents per hour for the rest of this financial year, after changes made by the Australian Taxation Office. The new shortcut method allows workers to claim 80 cents an hour of work from home and covers all deductible running expenses ...