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Showing 101 - 110 of 473 results for %22New ATO%22

ATO targets SMSF fraud

ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
The Australian Taxation Office (ATO) is focusing attention on new SMSFs registrations after identifying illegal release of super. Speaking at the SMSFA National Conference assistant commissioner Justin Micale said results of its 'secure front door program' ...

IPO outlook positive for 2021

ANNABELLE DICKSON  |  FRIDAY, 29 JAN 2021
... challenging market conditions, 49 of the 74 IPOs posted a year-end gain, with the average gain being 34%. "In all, 24% of all new listings recorded a gain of 50% or more for the year. While this is an excellent outcome for these companies, the gains ...

ATO releases finding from super survey

ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
The Australian Taxation Office (ATO) has released the key takeaways from its bi-annual survey of APRA-regulated super funds. Twice a year the ATO survey Australia's large super fund industry on ways it can improve its services and engagement with the ...

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... legislation, saying: "This reduces the funds available to cover administration costs, products and services for all members. The new fee will be used to cover this gap in the most sustainable way." 5. Volatility hits super funds (March 17) Volatility ...

ERS costs big super funds

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have made 3.1 million payments worth a total of $23.2 billion. AustralianSuper leads the pack, having paid out $4.88 billion. ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... Technology told the recent Australian Shareholders Association Investor Conference that the federal government's package of new reforms will stamp out widespread underperformance, complex arrangements and lack of transparency that have gone on for ...

ATO prepares for end of ERS

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
The Australian Taxation Office (ATO) has announced the end of year shutdown and program closure arrangements for the early release of super (ERS) scheme. Since April 3.3 million Australians have taken over $34 billion out of their retirement savings ...

Public servants caught in SG bungle

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... significant progress in rectifying the situation by way of upgrading its payroll system, and lodging SG statements with the ATO for the majority of current and former employees owed super.

Ask and you shall receive

ELIZA BAVIN  |  MONDAY, 26 OCT 2020
... have now accesses the scheme, 1.3 million of which have accessed it twice taking advantage of the second tranche when the new financial year ticked over in July. There have been calls for a higher level of scrutiny over the scheme to ensure that only ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... Royal Commission's 'default once' recommendation, which will prevent unnecessary account erosion from fees and the creation of new duplicate accounts," Loane said. "The government's commitment to implement an ATO portal to help consumers select a high ...