Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 171 - 180 of 408 results for "Australian Taxation Office"

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... Enforcement (J5) was formed in 2018 after a call from the OECD Taskforce on Tax Crime. The J5 includes the Australian Taxation Office (ATO), Her Majesty's Revenue and Customs (HMRC) from the UK, Internal Revenue Service (IRS) Criminal Investigations ...

SMSF auditors in firing line

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... of study, including in ethics and audit and pass the SMSF auditor competency exam. ASIC praised the Australian Taxation Office for its assistance under the Superannuation Industry (Supervision) Act (SIS Act). "ASIC and the ATO work closely together as ...

DIY SMSF platform launched

ELIZA BAVIN  |  TUESDAY, 21 JAN 2020
... member statements produced. Although the application will not generate the tax return to lodge with the Australian Taxation Office, it does provide the tax calculations necessary to complete the return. Bain spent five years developing the application ...

New super fund to launch

ELIZABETH MCARTHUR  |  FRIDAY, 17 JAN 2020
... Sydney, Melbourne and Perth. The fund was registered with APRA on 10 September 2019, according to the Australian Taxation Office. In Xplore Wealth's most recent business update, posted to the ASX on 15 January 2020, Elevate was referred to as a newly ...

AMP transfers 25% of accounts to ATO

ELIZA BAVIN  |  MONDAY, 25 NOV 2019
... parliamentary inquiry that the company has transferred a quarter of its superannuation fund account to the Australian Taxation Office. Wade said these accounts were inactive, and AMP felt that transferring them to the ATO - as opposed to a rollover account ...

ASIC puts trustees on notice

ELIZA BAVIN  |  THURSDAY, 31 OCT 2019
... opportunity to communicate to members about inactive low balance accounts proposed to be transferred to the Australian Taxation Office. ASIC said the steps that trustees take today in relation to the communication of PMIF and PYSP reforms are "crucial" ...

SMSF scheme sees creator jailed

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... Nguyen kept a significant portion of the funds, telling the victims that the money was paid to the Australian Taxation Office. ATO Assistant Commissioner Ian Read said the sentence handed down demonstrates that promoters who encourage illegal early access ...

ATO to crack down on SG non-payment

KRISTI CHENG  |  TUESDAY, 27 AUG 2019
The Australian Taxation Office will start using Single Touch Payroll (STP) system data to identify and warn employers on non-payment of super guarantee, according to ATO deputy commissioner James O'Halloran. Speaking at the 2019 ASFA National Policy ...

350 tax practitioners under investigation

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 JUL 2019
... these cases came to the attention of the Tax Practitioners Board as a result of referrals from the Australian Taxation Office. Tax Practitioners Board chief executive Michael O'Neill said in some of the cases that have already been considered the board ...

Record number of tax evasion reports

ELIZABETH MCARTHUR  |  FRIDAY, 21 JUN 2019
The Australian Taxation Office revealed its tip off line has been ringing off the hook this end of financial year as a record number of people report tax evaders. The ATO received nearly double the amount of referrals from the community about tax evasion ...