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Showing 91 - 100 of 1028 results for "Taxation"

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... only affect 80,000 people. "This financial year the richest 10% will receive just over $20 billion in superannuation taxation concessions. This at a time when around 23% of Australian retirees end their working lives in poverty, compared to 11.1% in ...

Mason Stevens rolls out super admin fee changes

MATTHEW WAI  |  WEDNESDAY, 15 JAN 2025
... result of increased operational costs incurred from meeting regulatory obligations. "Recent guidance from the Australian Taxation Office (ATO) with respect to the treatment of reduced input tax credits (RITC) that can be claimed by platform super funds ...

Perpetual-KKR deal hits tax bill snag

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
The Australian Taxation Office (ATO) is threatening to impose a massive tax bill on KKR's takeover of Perpetual's wealth management and corporate trust businesses, which has ballooned to more than $500 million. Perpetual said it has "strong ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... administration of companies, financial markets, financial products and financial services, law, economics, accounting, taxation and credit activities and credit services. The reappointed members are Shabnam Amirbeaggi, Debra Anderson, Julie-Anne Berry ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... increase in superannuation assets was due to the SMSF sector surpassing the $1 trillion mark. Fresh data from the Australian Taxation Office found total assets held in SMSFs hit $1.02 trillion. This was backed up in the APRA data, showing SMSF assets ...

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The latest statistics from the Australian Taxation Office (ATO) show the total assets held within self-managed superannuation funds (SMSFs) hit $1.02 trillion at September end. The total SMSF members grew to 1,173,867 in over 630,000 SMSFs, with over ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... Super head of SMSF technical services Nicholas Ali also welcomed the reports, saying the legislation would double the taxation on some super members. "The Division 296 super tax is hugely unpopular, not simply because it increases the tax burden on those ...

Trump 2.0 set to boost small and mid-caps: Canopy Investors

MATTHEW WAI  |  THURSDAY, 21 NOV 2024
... influencing asset prices and highly leveraged companies. "It's possible the US government will moderate its policies around taxation, tariffs, and immigration, if inflation picks up again," he added. "Markets have already priced in some of these ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
The Australian Taxation Office (ATO) recovered over $900 million in unpaid super owed to 800,000 employees in the past year. Latest compliance data from the ATO shows $932 million in previously unpaid superannuation reached the retirement accounts of ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... and employer labour laws and so forth," she told Financial Standard. Cornelissen has seen instances of the Australian Taxation Office (ATO) pursuing businesses involved in offshoring on tax and superannuation issues. "This is the first one I've heard ...