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Showing 181 - 190 of 872 results for %22ATO%22

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... took a hit. Cumulative return data of funds showed many experienced significant losses between February 20 and March 12. 6. ATO to verify early release requests (March 31) Senator Jane Hume confirmed ahead of the early release of superannuation scheme ...

ATO backs SMSFs as strong retirement choice

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... impacts and impacts on superannuation," Micale said. "In mid-March as the effects of COVID-19 became apparent, here at the ATO we shifted our focus from our usual mainstream compliance activities, to delivering the government's economic stimulus measures ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... reasons such as operating losses, utilising losses from previous years or expensing projects operating in a start-up phase. "The ATO takes steps to verify that losses in the large market are not created through contrived schemes, but actual losses that ...

ERS costs big super funds

ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have made 3.1 million payments worth a total of $23.2 billion. AustralianSuper leads the pack, having paid out $4.88 billion. ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... pose a number of challenges. This is because superannuation funds currently administer superannuation earnings tax, but the ATO holds information about people's marginal tax rates."

Aussies reunited with $1bn in lost super

ANNABELLE DICKSON  |  THURSDAY, 19 NOV 2020
... Association of Superannuation Funds (ASFA) estimates 700,000 Australians will receive lost super after super funds have sent ATO's latest consolidating lost and inactive account balances. People with inactive super accounts with balances of less than ...

Hume scrutinises super fund spend

KARREN VERGARA  |  MONDAY, 16 NOV 2020
... employees do not nominate a fund or provide any details. Instead, employers will obtain such information directly from the ATO so superannuation will continue to be paid into employees' existing fund. "While many Australians have benefitted greatly ...

Fake tax agent penalised

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... tax affairs managed by a person without the requisite qualifications. However, it was Caolboy's cooperation with the TPB and ATO that led to a lower penalty as she admitted to the contraventions and voluntarily disclosed the client records and her income ...

Three advisers banned for non-financial crimes

ELIZABETH MCARTHUR  |  FRIDAY, 6 NOV 2020
The UK's Financial Conduct Authority (FCA) has banned three people from working in financial services due to sex offences they had committed. The FCA's decision to ban the three individuals comes after Megan Butler, executive director of supervision ...

ATO prepares for end of ERS

ELIZA BAVIN  |  THURSDAY, 5 NOV 2020
The Australian Taxation Office (ATO) has announced the end of year shutdown and program closure arrangements for the early release of super (ERS) scheme. Since April 3.3 million Australians have taken over $34 billion out of their retirement savings ...

Editor's Choice

Australian Retirement Trust people chief to depart

ELIZABETH FRY
Australian Retirement Trust has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year.

SSGA loses $2.4bn in two months

KARREN VERGARA
State Street Global Advisors (SSGA) suffered $2.4 billion in net outflows over the last two months of 2023, the majority of which hit its Australian and international equities products.

AFCA seeks industry feedback on approaches

ELIZA BAVIN
The financial complaints authority is asking the industry for feedback on how it approaches issues and reaches decisions.

Apex, ACA partner to broaden client services

ANDREW MCKEAN
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services.

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A single decision can change your life, and that's exactly what Centuria Capital joint chief executive Jason Huljich learned when he came to Australia in the 1990s. Eliza Bavin writes.
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