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Showing 131 - 140 of 1028 results for "Taxation"

AFCA secures $40m in refunds

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
... referred to the Australian Prudential Regulation Authority and eight were referred to other agencies such as the Australian Taxation Office in the first half of FY23/24. "While AFCA is not a regulator, we operate within the broader regulatory framework ...

FAAA calls on ATO to provide clarity over advice fees

ELIZA BAVIN  |  THURSDAY, 14 MAR 2024
The Financial Advice Association Australia (FAAA) has called on the Australian Taxation Office (ATO) to build upon the progress it made in its public release of revised tax deductibility guidance in December 2023. The FAAA said the ATO should further ...

Government promises transparent financial services regulation

KARREN VERGARA  |  WEDNESDAY, 13 MAR 2024
... ASIC, APRA, the Australian Competition and Consumer Commission (ACCC), Reserve Bank of Australia (RBA), and Australian Taxation Office (ATO) will all be part of the grid. The Customer Owned Banking Association (COBA) has been advocating for the initiative ...

Major decline in group insurance coverage: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... fees and insurance costs. It introduced fee adjustments, moved inactive accounts with low balances to the Australian Taxation Office, and required the cancellation of insurance on inactive accounts not receiving contributions for 16 months. Following ...

GBST upgrades WealthConnect platform

ANDREW MCKEAN  |  WEDNESDAY, 28 FEB 2024
... allowing a greater focus on value-added services." Meanwhile, WealthConnect's calculation engine that generates cash flow, taxation, and net worth projections, allowing for the comparison of different scenarios through the Advice Wizard - a tool that ...

How advisers protect themselves from 'rogue' clients

KARREN VERGARA  |  FRIDAY, 23 FEB 2024
... and effective strategies, Bobbin said, that work for advisers. Another simple method is making use of the Australian Taxation Office's (ATO) "fantastic documents" and tools for advisers and SMSFs available in PDF format on its website. "Issue them to ...

Proposed super tax requires perspective: Expert

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... [off] in super even with Division 296." But in terms of capital growth, what members will "hate about Div 296" is the taxation of unrealised gains. If an asset is increasing in value, Division 296 will bring forward the taxation point. "All of the [asset's] ...

New caps can increase super contributions: SMSFA

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... additional disposable income to contribute more to super. Burgess told the SMSFA National Conference that the proposed 30% taxation on $3 million super balances could become law by June 30 this year. "The only questions that remains is whether the government's ...

Super tax is a 'wealth tax': Taylor

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... Division 296 tax laws, calculating it will affect fewer than 80,000 Australians. "The new tax is a shocker - a doubling of taxation on Australians' retirement savings a regime that proposes a different approach for a farmer or a small business owner ...

ATO cracks down on illegal early SMSF access

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2024
The Australian Taxation Office is cracking down on illegal early access to SMSF money, particularly targeting new entrants to the sector who are the main culprits. New analysis from the tax office released at the SMSF Association National Conference ...