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Showing 161 - 170 of 259 results for "Capital gains tax"

CGT relief for super funds backdated

LINDA HAUSKEN  |  MONDAY, 6 AUG 2012
... stakeholders in the consultation on the policy design of this measure. Shorten said Treasury will backdate the capital gains tax relief (CGT) for merging superannuation funds to apply from 1 October 2011. Other changes that have been made to the income ...

AGEST bungle isolated: BNP Paribas

BEN COLLINS  |  THURSDAY, 26 JUL 2012
... processes custodian BNP Paribas has in place. AGEST Super is scheduled to Merge with AustralianSuper after a capital gains tax relief measures come into legislation in December.

AGEST bungles returns

BEN COLLINS  |  WEDNESDAY, 25 JUL 2012
... and present government employees - recently put its merger with Australiansuper on hold, to take advantage of capital gains tax offsets that are yet to come into legislation.

StatewideSuper, Local Super complete merger

BEN COLLINS  |  WEDNESDAY, 4 JUL 2012
... fund, based in South Australia and the Northern Territory. The merger was enabled by planned federal government capital gains tax relief measures, said Pauline Vamos, Association of Superannuation of Australia (ASFA) CEO. "Superannuation fund mergers ...

AGEST merger put on hold

BEN COLLINS  |  FRIDAY, 29 JUN 2012
AGEST Super has put its merger with AustralianSuper on hold until after December when a deferral of capital gains tax becomes legislation. The legislation will extend capital gains tax (CGT) rollover relief until 2017 for superannuation funds that will ...

Budget increase may damage property business growth

RACHEL DAVIS  |  MONDAY, 14 MAY 2012
... manager and responsible entity. This is undermined by this tax policy change. "The Budget has also removed a capital gains tax discount for non-resident investors. An investor in Australian property through a Managed Investment Trust had been eligible ...

SMSFs face fire-sales of illiquid assets

BEN COLLINS  |  TUESDAY, 8 MAY 2012
... the asset could see certain beneficiaries, such as adult children, liable for very sizable death benefit and capital gains tax liabilities. "This could be as much as 20% or more of the property's profit. For example, beneficiaries receiving benefits ...

CGT relief paves way for super mergers

MELANIE TIMBRELL  |  TUESDAY, 24 APR 2012
Merging superannuation funds will receive capital gains tax relief in the upcoming Budget, opening the way for the finalisation of a raft of proposed mergers, particularly in the not-for-profit superannuation space. Minister for Financial Services and ...

Calls for CGT merger relief

ELISE BURGESS  |  FRIDAY, 13 APR 2012
Lack of clarity around the Government's intention for providing capital gains taxation relief for superannuation mergers is damaging members and limiting MySuper outcomes, according to AustralianSuper and ASFA. With the rising trend of super fund mergers ...

Contrib caps improve super social equity

ALEX DUNNIN  |  WEDNESDAY, 15 FEB 2012
... cost $30 billion claiming the truer figure is more likely about $13 billion, the difference being due to how capital gains tax discounts are treated. While the ASFA paper reports that most of the superannuation's tax benefits accrue to the largest income ...