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Search ResultsShowing 1 - 10 of 100+ results for "Australian Taxation Office"
Off-platform assets consume advisers' time
KARREN VERGARA  |  MONDAY, 9 NOV 2020
... of managed accounts and investments, including custodial and non-custodial assets." According to the Australian Taxation Office, some $342 million of the $733 billion SMSF industry is invested in assets that are challenging to hold on platforms, such ...
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 ...
Public servants caught in SG bungle
KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... as a result of misinterpreting tax legislation and coding errors. The issues came to light after the Australian Taxation Office published advice relating to the application of superannuation guarantee (SG) to recreation leave loading, which then prompted ...
Crackdown on SAN misuse continues
ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
A fourth tax agent has been deregistered for misusing an SMSF Auditor Number (SAN) as the Australian Taxation Office (ATO) continues its crackdown on SAN misuse. Following a referral from the ATO in relation to identified SAN misuse, the Tax Practitioners ...
Ask and you shall receive
ELIZA BAVIN  |  MONDAY, 26 OCT 2020
... for the government's Early Release of Super (ERS) reveals that 98% of applications received by the Australian Taxation Office (ATO) have been paid out by funds. The prudential regulator said that as at October 18, 98% of the applications received since ...
BOQ expects to back pay $11m in SG
KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
... already accounted for $2.4 million of superannuation owed to employees that has been forwarded to the Australian Taxation Office. BOQ told the ASX that it made an additional $8.6 million provision as the matter is still under investigation and "further ...
ASIC puts SMSF auditors on notice
ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
... the auditor's registration. The information about the auditor misconduct was referred to ASIC by the Australian Taxation Office who work together as co-regulators of SMSF auditors.
Industry fund underpaid SG to staff
KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... Superannuation and Retirement Fund underpaid SG to staff for about eight and a half years after the Australian Taxation Office updated its guidance, meaning the fund should have included annual leave loading payments paid in November each year in the ...
ATO implements JobKeeper changes
ELIZA BAVIN  |  THURSDAY, 20 AUG 2020
The Australian Taxation Office (ATO) has implemented changes to the JobKeeper employee eligibility rules following the government's announcement the scheme would be altered. The changes mean employers already enrolled in JobKeeper may be able to receive ...
ASIC cracks down on 42 SMSF auditors
ALLY SELBY  |  THURSDAY, 20 AUG 2020
... they meet base standards of competency and expertise. SMSF auditors are regulated by both ASIC and the Australian Taxation Office, with the ATO monitoring conduct and subsequently referring matters to ASIC to investigate. ASIC then reviews whether to ...
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