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Showing 161 - 170 of 203 results for "Australian Tax Office"

ATO sends warning to super fund trustees

MICHAEL HOBBS  |  MONDAY, 16 JUN 2008
The Australian Tax Office (ATO) is warning financial advisers and accountants to ensure their clients aren't moving assets into their funds and failing to report the total value of their portfolio to avoid raising their tax costs. Michael D'Ascenzo ...

Temp residents worse off from new super rules

MICHAEL HOBBS  |  THURSDAY, 22 MAY 2008
... Government's proposed superannuation changes for temporary residents could divert up to $1 billion to the Australian Tax Office and hinder Australian businesses' effort to attract skilled overseas workers, according to Deloitte. Sarah Lane, Deloitte ...

SMSF trustees wise up

MICHAEL HOBBS  |  WEDNESDAY, 7 MAY 2008
... Partners Superannuation Services research has found one in 12 self managed super funds (SMSF) continue to break Australian Tax Office (ATO) rules, but the range of non-compliance offenses had tapered. The SMSF research is based on an audit of almost ...

Perpetual offers low cost Gift Fund

MICHAEL HOBBS  |  WEDNESDAY, 9 APR 2008
... to ensure capital growth and a long term income stream. The Perpetual Foundation is registered with the Australian Tax Office allowing it to collect GST concessions and receive refunds from franking credits on dividends. Catherine Baldwin, Perpetual ...

More education for SMSF auditors

MICHAEL HOBBS  |  WEDNESDAY, 27 FEB 2008
... sector demands greater education to ensure trustees and auditors remain competent, said the ATO. Ian Read, Australian Tax Office acting deputy commissioner of superannuation, said the growth of SMSFs must be backed by a subsequent increase in education. ...

Macq launches Property Lever

MICHAEL HOBBS  |  WEDNESDAY, 20 FEB 2008
... Banking, said the Property Lever complied with the Superannuation Industry Act and was being reviewed by the Australian Tax Office. "Macquarie is the first bank to release a product designed to take advantage of recent changes to superannuation legislation ...

Govt urges auto-rolling of $9.7bn lost super

RUTH LIEW  |  WEDNESDAY, 16 JAN 2008
... into a member's last known active account, using the tax file number system. According to figures from the Australian Tax Office, Australia's lost and unclaimed superannuation grew from $6 billion five years ago to $9.7 billion in 2007. Australia's largest ...

Non-TFN tax attack

MICHAEL HOBBS  |  WEDNESDAY, 5 DEC 2007
... associated with their superannuation plans and, they will never be able to get the cover again," he said. The Australian Tax Office (ATO) estimates that almost 1.1 million or 8 per cent of active super accounts do not have a TFN.

Rising Star calls for home loan tax relief

CHRIS NICHOLLS  |  THURSDAY, 22 NOV 2007
... to more money being invested into people's superannuation or via other financial services products. "The Australian Tax Office already makes interest repayments on loans used for investment purposes tax deductible. But this luxury is rarely utilised ...

Super veterans accept Industry Service Awards

... advice over those years. His most recent role was the co-ordination of superannuation litigation within the Australian Tax Office. Besides his role at ING, he is also the chairman of the Self-Managed Super Funds Professionals' Association of Australia ...