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

Search Results

Showing 251 - 260 of 408 results for "Australian Taxation Office"

SMSF sector enters next phase

LAURA MILLAN  |  MONDAY, 9 FEB 2015
... contributions for the first time. This industry tipping point was confirmed with the recent release of the Australian Taxation Office (ATO) statistical report for June 2014. The figures show that member, employer and other contributions to SMSFs reached ...

FEATURE: Understanding mFund

STAFF WRITER  |  WEDNESDAY, 4 FEB 2015
... low, especially when compared to other developed international markets. According to figures from the Australian Taxation Office (ATO), barely 5% of the $543 billion that is invested through self-managed super funds sits in managed investment schemes. ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... Commission (ASIC) regulatory guidance. Facilitate access to consolidated superannuation information from the Australian Taxation Office to use with ASIC's and superannuation funds' retirement income projection calculators. Provision of financial advice ...

ATO cold calling to test SMSF trustees

LAURA MILLAN  |  FRIDAY, 5 DEC 2014
The Australian Taxation Office is calling self-managed super fund (SMSF) trustees to test their fund knowledge and restricting their ability to operate the fund if they fail. Legal document provider Topdocs said in a technical article that "examples ...

SMSF court case highlights penalty uncertainties

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
... that "trustees should have changed behaviour when the first contravention report was filed with the Australian Taxation Office (ATO)." However, he noted that judges often take earlier court cases as a reference to establish penalties. "In this case ...

SMSF closures drop 75% in 2014

LAURA MILLAN  |  WEDNESDAY, 10 SEP 2014
... that were wound up in financial year 2014 dropped by 75%, according to the latest figures from the Australian Taxation Office (ATO). The ATO June 2014 SMSF quarterly report shows that 2,349 SMSFs were wound up in the 12 months to June 2014, while 9,676 ...

ATO considers increasing Bitcoin control

LAURA MILLAN  |  FRIDAY, 22 AUG 2014
The Australian Taxation Office (ATO) could be asking Bitcoin and other crypto-currency holders to keep records of their transactions. The ATO has released guidance of the tax ramifications of crypto-currencies and how various parts of the tax law apply ...

SMSF wind up trend is not real: SuperGuardian

LAURA MILLAN  |  TUESDAY, 19 AUG 2014
... rebuked claims that SMSF trustees are increasingly winding up their funds. The provider argues that Australian Taxation Office (ATO) figures for the five years to June 30, 2013, show that on average for every five funds established, one was wound up. ...

CareSuper, Crowe Horwath partner to wind up SMSFs

STAFF WRITER  |  WEDNESDAY, 13 AUG 2014
... accounting and financial advice firm Crowe Horwath. CareSuper noted that the latest figures from the Australian Taxation Office (ATO) point at an increasing trend of SMSF wind ups, with 7,653 trustees shutting down their individual fund between 2012 ...

Resources needed for outcomes, regulators warn Treasury

LAURA MILLAN  |  FRIDAY, 8 AUG 2014
... critical that APRA maintain its attractiveness as an employer." The Tax Practitioners Board (TPB) and the Australian Taxation Office (ATO) were also among the regulators that provided statements of intent to Treasury.