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Showing 91 - 100 of 116 results for "Loophole"

Macquarie loses court battle with ATO

JAMES FERNYHOUGH  |  FRIDAY, 6 SEP 2013
Macquarie Group has lost its Federal Court battle with the Australian Tax Office (ATO) over a tax dispute relating to Macquarie's offshore banking unit (OBU) income allocation. Macquarie had been seeking to prevent the ATO from conducting a retrospective ...

No more SMSF tax loopholes for excess concessional contributions

JAMES FERNYHOUGH  |  THURSDAY, 25 JUL 2013
SMSF investors will no longer be able to use excess concessional contributions (ECCs) to avoid paying the highest rate of tax on their income, according to AMP SMSF's head of policy and technical Peter Burgess. Speaking at the SPAA State Technical Conference ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
... contributions according to the marginal tax rate with only an interest charge being applied. In addition, the Budget has closed a loophole that currently enables sophisticated investors to engage in 'dividend washing' where they in effect trade franking ...

Discretion strictly case-by-case in new SMSF audit scheme

BEN COLLINS  |  MONDAY, 24 SEP 2012
... managed superannuation sector. While the corporate regulator has the ability to waive certain conditions, it is not a loophole that potential candidates can expect to exploit, said ASIC investment managers and superannuation senior executive leader Gerard ...

Volcker Rule dramatics continue

ALEX DUNNIN  |  WEDNESDAY, 23 NOV 2011
The Volcker rule intended to be help protect banks from future failure is being torn between critics who think it will gut the US corporate bond market and Congressmen who think it still contains too many loopholes. Meanwhile, former US Treasury Secretary ...

ASFA gets behind phoenix reforms

RACHEL DAVIS  |  MONDAY, 31 OCT 2011
The Association of Superannuation Funds of Australia has welcomed proposed legislation to hold directors of phoenix companies liable for any unpaid superannuation entitlements. On 13 October 2011, the Government presented a bill aimed at amending the ...

ISN submission targets advice requirement

ELISE BURGESS  |  TUESDAY, 20 SEP 2011
A FOFA reforms submission from the Industry Super Network to Treasury has called for stronger legal requirements around financial advice and better consumer protection. The Industry Super Network (ISN) has requested that the Government strengthen legal ...

Super crime loophole to snap shut

ALISON BEVEGE  |  TUESDAY, 24 MAY 2011
... under state or territory legislation that seek to recover the proceeds of crime, leaving funds intact. It is believed the loophole means, for example, that a drug importer could put their ill-gotten millions into superannuation and it would be untouchable ...

Market Wrap - Morning

AAP  |  THURSDAY, 12 AUG 2010
... economy weighed across the region. China banks fell after news the China Banking Regulatory Commission closed a regulatory loophole that had allowed them to get around lending quotas. China Construction Bank fell 2.7 per cent to 6.54 Hong Kong dollars ...

Aussies to rely on govt when insurance falls short: survey

RUTH LIEW  |  TUESDAY, 30 MAR 2010
More than two-thirds of Australians are under the illusion that the Federal Government will provide financial support to families if a member dies prematurely - one of the misconceptions driving underinsurance. New research from Lifebroker shows consumer ...