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Showing 111 - 120 of 292 results for "Ruling"

New law to add clarity to business sales

LAURA MILLAN  |  FRIDAY, 24 APR 2015
... arrangements has been complex and has given rise to unfair outcomes for taxpayers," he added. "The ATO released a draft ruling in December 2007 that changed the way earnouts would be treated for both parties, and increased the complexity of these arrangements. ...

No changes to neg gearing, super in Budget

ALEX DUNNIN  |  TUESDAY, 21 APR 2015
... introduce any unexpected or adverse changes to superannuation," he was reported to have said. Frydenberg was not, however, ruling out future changes to superannuation tax concessions as he added that issues surrounding it would be considered as part ...

Push to end US Congressional pensions

ALEX DUNNIN  |  FRIDAY, 6 FEB 2015
... congressmen. "The Founding Fathers envisioned elected officials as part of a servant class, yet Washington, DC has evolved into a ruling class culture," DeSantis said. "Pensions for members of Congress represent an inappropriate use of taxpayer money ...

ATO exec leaves to join consulting firm

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
... regulator to join Brisbane-based consultancy firm McPherson Super Consulting. Stuart Forsyth was involved in drafting the ATO ruling on limited recourse borrowing arrangements for SMSFs and his departure follows the announcement of cost cuts by the government ...

SMSF court case highlights penalty uncertainties

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
The Federal Court's ruling on a case involving two self-managed super fund (SMSF) trustees who used their fund for personal matters has highlighted the uncertainty around penalties. The fund, totaling more than $260k, was used to purchase residential ...

ATO considers increasing Bitcoin control

LAURA MILLAN  |  FRIDAY, 22 AUG 2014
The Australian Taxation Office (ATO) could be asking Bitcoin and other crypto-currency holders to keep records of their transactions. The ATO has released guidance of the tax ramifications of crypto-currencies and how various parts of the tax law apply ...

FSC report warns of default super 'turmoil'

JAMES FERNYHOUGH  |  THURSDAY, 24 JUL 2014
... underperforming bank-owned super funds," Whiteley said. The review process was put on hold in June following a Federal Court ruling that the FWC expert panel was incorrectly constituted. The FWC is currently waiting for Employment Minister Eric Ebetz ...

S&P, ABN Amro appeals rejected in landmark ruling

MARK SMITH  |  THURSDAY, 24 JUL 2014
... Poor's, ABN AMRO (now RBS) and Local Government Financial Services (LGFS) will not be allowed to appeal a Federal Court ruling in favour of 12 local councils who suffered losses on investments they administered in the wake of the financial crisis. The ...

Market wrap

AAP  |  MONDAY, 21 JUL 2014
... Shares in Washington H Soul Pattinson fell nine cents to $14.71, while Brickworks was up one cent to $14.22 after a tax ruling effectively ended a proposal to disentangle the companies' cross ownership structure. Fairfax Media gained 2.75 cents to 93.75 ...

Federal Court judgements contradictory on adviser liability

LAURA MILLAN  |  MONDAY, 7 JUL 2014
... that the defendant knew or ought to have known that the conduct engaged in was misleading or deceptive. The Full Court's ruling appears to indicate Parliament's intention to exclude defendants whose conduct was deliberate or reckless from the benefit ...