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Showing 121 - 130 of 203 results for "Australian Tax Office"

Highly educated SMSF investors prime fraud targets

MELANIE TIMBRELL  |  TUESDAY, 10 JUL 2012
... last five years," Clare said. The Australian Securities and Investments Commission (ASIC), AUSTRAC and the Australian Tax Office are working with the ACC as part of Task Force Galilee, which is "seeking to disrupt Serious and Organised Investment Fraud ...

ATO warns on structured products

MELANIE TIMBRELL  |  FRIDAY, 15 JUN 2012
The Australian Tax Office has issued a warning on sophisticated structured financial products that claim to offer franking credits among tax benefits to investors. Michael D'Ascenzo, tax commissioner at the ATO has said the products involved claimed ...

ATO clarifies borrowing issues for SMSFs

RACHEL DAVIS  |  THURSDAY, 24 MAY 2012
The Australian Tax Office has clarified what is meant by a 'single acquirable asset' and what constitutes repair or maintenance of an asset, according to the SMSF Professionals' Association of Australia. The release of the Self Managed Superannuation ...

Private equity tax treatment under scrutiny

MELANIE TIMBRELL  |  MONDAY, 7 MAY 2012
The Australian Tax Office has responded to criticism that tax treatment of gains on private equity is impacting flow of development capital from institutional investors. The Australian Private Equity and Venture Capital Association (AVCAL) has raised ...

SuperMate updates online SMSF

BEN COLLINS  |  THURSDAY, 26 APR 2012
... corporate actions processing, overnight bank data download into SMFSs for 95% of bank transactions and direct Australian Tax Office lodgment of SMFS BAS and IAS returns, which superMate says results in a 50% time saving. "As corporate actions account ...

Tax concessions focus of Super roundtable

MELANIE TIMBRELL  |  FRIDAY, 24 FEB 2012
... welfare system," Shorten said. Yesterday's roundtable provided a forum for discussion on the role of the Australian Tax Office in calculating member balances in addition to how and when fund balances should be calculated and whether those who have entered ...

Super accounts on path for consolidation: Shorten

CLAIRE MCGREAL  |  WEDNESDAY, 22 FEB 2012
... standards will enable funds to communicate effectively with each other and with third parties, including the Australian Tax Office," said Hogan.

New data questions SMSF inflows

ELISE BURGESS  |  MONDAY, 13 FEB 2012
... Partners, identified a number of data trends emerging in the self-managed super fund (SMSF) space based on Australian Tax Office (ATO) data. Baker said facts about SMSFs are difficult to collate "mostly relying on ATO data from SMSF tax returns" with ...

SMSFs dominating super assets

CLAIRE MCGREAL  |  TUESDAY, 13 DEC 2011
The peak body for SMSFs has welcomed the latest Australian Tax Office statistics which show SMSF assets have grown at twice the rate of total super industry assets in the past five years to June 30 2010. According to the "Self Managed Super Funds: a ...

ASFA calls for rethink on contribution caps

MATT WOODINGTON  |  FRIDAY, 9 SEP 2011
... rectify contribution cap breaches by up to $10,000 without penalty. In June, new figures revealed that the Australian Tax Office had raised $400 million through tax penalties on excess super contributions made between 2006 and 2010. The cap was reduced ...