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Showing 161 - 170 of 413 results for %22Australian Taxation Office%22

ASIC deregisters 117 SMSF auditors

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... immediate family member had prepared the financial statements. Tattersall was referred to ASIC by the Australian Taxation Office (ATO) which is a co-regulator for SMSFs. So far this year, ASIC has taken action against at least four other SMSF auditors. ...

New law tightens unpaid SG penalties

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... contributions for employees." The Treasury Laws Amendment (2018 Measures No.4) Bill 2018 will give the Australian Taxation Office (ATO) access to new enforcement and collection provisions, including strengthened arrangements for director penalty notices. ...

GBST and super fund collaborate for tax relief

JAMIE WILLIAMSON  |  MONDAY, 19 MAR 2018
... now taxable in instances where the total super balance for a member is more than $1.6 million. The Australian Taxation Office has allowed super funds to apply for relief to defer the tax payable because CGT events were caused for superannuation funds ...

SMSF industry hails ATO appointment

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
... welcomed the appointment of a new assistant commissioner, self-managed superannuation funds to the Australian Taxation Office. KPMG partner Dana Fleming succeeds Kasey Macfarlane in the role and brings more than 20 years' experience in the taxation of ...

SMSFs shifting focus for diversification

JAMIE WILLIAMSON  |  MONDAY, 22 JAN 2018
... Billiton, Wesfarmers, CSL, Woolworths and Woodside Petroleum. Separately, new data released by the Australian Taxation Office shows returns from the SMSF sector in 2015-16 were on par with that of APRA-regulated funds. The figures also show the sector ...

Two FSC senior policy managers depart

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2018
... governance standards in the superannuation industry, promote competition in the default superannuation market, as well as put taxation arrangements in place for super funds. A BT Financial Group spokesperson confirmed Briggs will be joining the firm ...

SMSFs continue rise

EMMA RAPAPORT  |  WEDNESDAY, 6 DEC 2017
Self-managed superannuation funds are on the rise according to figures released by the Australian Taxation Office. The 2017 Statistical Report reveals the total number of SMSFs in operation has increased to almost 600,000 with 23,508 accounts added ...

ATO warns SMSFs about risky arrangements

KARREN VERGARA  |  FRIDAY, 17 NOV 2017
The Australian Taxation Office issued a stark warning to self-managed superannuation fund members about entering risky retirement planning arrangements that could potentially be illegal. ATO deputy commissioner James O'Halloran urged SMSF trustees to ...

BT Financial Group expands SMSF capability

JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
... looking to cloud based solutions to help drive efficiency and service their clients," he said. The Australian Taxation Office estimates that about 250,000 of Australia's 590,000 SMSFs are already administered via the cloud, while BGL estimates 30% of ...

More time needed for TBAR transition: SMSFA

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2017
The SMSF Association is calling on the Australian Taxation Office to give SMSF trustees more time to adjust to the new Transfer Balance Account Report requirements, echoing member sentiment. In its submission to the ATO's Transfer Balance Cap and SMSF ...