Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 1028 results for "Taxation"

HESTA red flags MinRes for governance failures

ANDREW MCKEAN  |  FRIDAY, 8 NOV 2024
... found to have engaged in widespread misconduct, including underreporting income from offshore entities to the Australian Taxation Office. Ellison will face board-imposed financial penalties totalling $8.8 million, along with the loss of up to nearly ...

SMSF Association announces board director changes

MATTHEW WAI  |  WEDNESDAY, 30 OCT 2024
... knowledge and contributing to the association's continued success." Carrying a diverse history in financial planning and taxation, Sue said she feels privileged for the opportunity and is "particularly eager to highlight the importance of engaging with ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... on four SMSF auditors and cancelled the registration of one. All SMSF auditors were referred to ASIC by the Australian Taxation Office (ATO). Between 1 July 2023 and 30 June 2024, ASIC made 46 decisions in relation to the registration of approved SMSF ...

GESB adopts Protecting Your Super reforms

JAMIE WILLIAMSON  |  MONDAY, 30 SEP 2024
... contribution for 16 months or more, unless notified otherwise, and transfer inactive low balance accounts to the Australian Taxation Office. As a result of the changes to insurance eligibility, GESB said it is reviewing its insurance offering and amending ...

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
The Australian Taxation Office (ATO) has confirmed financial advice fees for tax-related guidance are deductible where the advice is provided by a Qualified Tax Relevant Provider (QTRP). Releasing a final guidance yesterday, the ATO said: "Fees for ...

Early release of super scammer sent to prison

KARREN VERGARA  |  TUESDAY, 24 SEP 2024
... the Australian Federal Police (AFP) launched an investigation in 2020 into her activities on the back of the Australian Taxation Office's Serious Financial Crime Taskforce (SFCT), which identified multiple Western Australians allegedly orchestrating ...

Lost super bill sits at $18bn: ATO

JAMIE WILLIAMSON  |  TUESDAY, 17 SEP 2024
Despite the Australian Taxation Office's best efforts, there is still close to $18 billion in superannuation yet to be reunited with those who earned it. That's according to the latest figures, which show there's currently $17.8 billion in lost and ...

Independent MPs call for super reforms

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... Independent MPs have called for urgent amendments to the Better Targeted Super Bill, particularly regarding the proposed taxation of unrealised gains. The controversial legislation introduces a 30% tax rate for superannuation earnings exceeding $3 million ...

ASFA pushes for tax redistribution to benefit low-income workers

ANDREW MCKEAN  |  FRIDAY, 9 AUG 2024
... increase support for low-income earners by redistributing the revenue generated from the government's planned additional taxation on superannuation balances above $3 million (Division 296) and for those earning $250,000 plus (Division 293). The advocacy ...

Generation Development Group corrals complete ownership of Lonsec

ANDREW MCKEAN  |  TUESDAY, 23 JUL 2024
... FY25 aimed at supporting current sales momentum such as leveraging the changes to stage three tax cuts and additional taxation on earnings on large super balances above $3 million - which currently represents $224 billion of the superannuation market. ...