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Showing 1 - 10 of 14 results for "ATO statistics"

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... those earning more $180,000 per year - have already been punished by bracket creep as in 2019-20, according to ATO statistics, they paid two-thirds of all taxes paid by individuals. Company tax revenue, despite the surge in commodity prices in the first ...

Code of Ethics must be fixed: Phil Anderson

CASSANDRA BALDINI  |  MONDAY, 28 NOV 2022
... Anderson said. "What they charge gives no indication that they have subordinated self-interest. And if you check the ATO statistics from the 2019/2020 year for the highest paid occupations, the top three spots are taken by medical professionals." He ...

SMSF assets climb to $892bn

ANDREW MCKEAN  |  FRIDAY, 17 JUN 2022
New quarterly ATO statistics estimate that the total assets of SMSFs are $892 billion, up 11% year on year. More broadly, the total assets of SMSFs have grown by $2.4 billion over a five-year period to the March 2022 quarter. Despite significant asset ...

ATO data heaps pressure on ASIC's SMSF fact sheet

HARRISON WORLEY  |  MONDAY, 22 JUN 2020
... SMSFA chief executive John Maroney said at the time. "The average expense figure represented a questionable use of ATO statistics, as a more appropriate figure would relate to the median operational and investment costs of funds under $500,000, which ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... they were unbalanced and inappropriate," he said. "The average expense figure represented a questionable use of ATO statistics, as a more appropriate figure would relate to the median operational and investment costs of funds under $500,000, which is ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... taking on a LRBA to invest in property, as this may trigger the $1.6 million transfer balance cap in retirement. ATO statistics show that SMSFs currently hold $24.3 billion in LRBAs, with these financial instruments being predominantly used to invest ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
... limited recourse borrowing arrangements by SMSFs is playing a significant role in affecting housing affordability. "ATO statistics show that SMSFs hold $24.3 billion in LRBAs, with these financial instruments being predominantly used to invest in residential ...

SMSF trustees remain prudent investors

DARREN SNYDER  |  WEDNESDAY, 2 NOV 2016
... investment performance and managing portfolio diversification well. SMSF Association head of technical Peter Hogan said ATO statistics show that in four of the eight years from 2007 to 2014, SMSF returns outperformed all other alternative superannuation ...

PwC appoints SMSF specialist

DARREN SNYDER  |  WEDNESDAY, 16 DEC 2015
... University of New South Wales and a Bachelor of Business from the University of South Australia. According to the latest ATO statistics, Australia has more than 557,000 SMSFs with total assets of $590 billion.

Abbott sticks to his promise on SMSF regulation

LAURA MILLAN  |  FRIDAY, 27 SEP 2013
... billion) out of total of $495 billion. At $17 billion, that's 3.4% of all SMSF assets," Colley said. "According to ATO statistics, geared property in SMSFs makes up less than one half of one per cent (0.4848%) of their total investments." "Property is ...
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