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Showing 131 - 140 of 267 results for "Tax Office"

ATO reveals dip in number of new SMSFs

JAMES FERNYHOUGH  |  TUESDAY, 28 MAY 2013
... superannuation funds (SMSFs) slowed significantly in the first quarter of 2013, according to figures released by the Australian Tax Office (ATO). Only 5,840 new SMSFs were created in the March quarter, compared with 9,748 in the December quarter of 2012 ...

Market Wrap PM

AAP  |  THURSDAY, 23 MAY 2013
... cent decline in full year net profit as changes to its asbestos liabilities and the impact of legal battles with the tax office hit the building products maker's bottom line. James Hardie was down seven cents at $10.38. Telstra shares were down 12 cents ...

Deferred annuity tax reforms safeguard retirees

MARK SMITH  |  THURSDAY, 18 APR 2013
... enshrined by legislation, remove inconsistencies between the manner deferred annuities are treated by the Australian Tax Office, compared with other retirement income streams. Under the plans, DLAs will have the same concessional tax treatment that superannuation ...

Coalition vow to leave SMSFs alone

MARK SMITH  |  FRIDAY, 12 APR 2013
... regulated. "SMSFs are meeting a particular demand from the market and we're totally relaxed about the growth here. Tax Office data shows that compliance levels are extremely high. There is, of course, always room for improvement." Cormann also took the ...

Low balance members hit with fees under super changes

ALICE URIBE  |  MONDAY, 8 APR 2013
... said. "These costs will be borne by all members not just those with high balances". Mason said that only the Australian Tax Office (ATO) would be able to determine the balances of members, particularly those with multiple accounts. This may mean that ...

AMP SMSF appoints Burgess as new policy head

MARK SMITH  |  WEDNESDAY, 3 APR 2013
... supporting our aligned planners to provide SMSF advice," he said. Burgess currently sits on a number of Australian Tax Office SMSF regulatory and technical working groups and sub-groups. He has also published a number of articles and accredited training ...

New regime for accountants: Shorten

BEN COLLINS  |  THURSDAY, 28 FEB 2013
... deposit products, though not particular deposit products, Shorten explained. Rainmaker research, based on Australian Tax Office figures, recently showed that on average, four self managed super funds (SMSFs) are created every hour.

Industry urged to understand changes to transfer rules

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... funds had too much flexibility with related party transactions, it should not come as a surprise that the Australian Tax Office would be tightening the rules from July this year. From 1 July this off-market transfers will be banned, but Burgess said ...

Broken 'contribs law' needs fixing: SPAA

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... cases where people in self managed super funds were charged a 93% tax rate on excess contributions by the Australian Tax Office, even though it was an honest mistake. "There is no shortage of evidence to show the system is not working," said Burgess. ...

SMSF popularity belies fickle performance

MARK SMITH  |  MONDAY, 14 JAN 2013
... unprecedented growth of the SMSF sector has eclipsed regular funds in recent years. The latest data from the Australian Tax Office (ATO) shows that there were 35,276 new funds registered last year, up 26% on the previous year, and new Australian Prudential ...