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Showing 251 - 260 of 1013 results for "Taxation"

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
... 2019 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 ...

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
... APRA data 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 ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... Commonwealth, following legal advice, just two weeks ago. For his part, Shipton said he will voluntarily reimburse ASIC for taxation-related expenses paid by the regulator following his relocation in 2018. According to a letter sent to the Treasurer ...

Tax Practitioners Board adds members

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... that she was a partner at King & Wood Mallesons, a senior associate at Gilbert and Tobin and also served as principal - taxation at EY. She is a member on a number of of the Law Council of Australia's committees, the ATO not-for-profit Stewardship Group ...

BOQ expects to back pay $11m in SG

KARREN VERGARA  |  WEDNESDAY, 30 SEP 2020
... has 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 ...

Corporate fund overhauls admin fees, premiums

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
... Super has absorbed a portion of the increased cost of income protection cover by passing back an increased portion of the taxation deduction the fund can claim on the cost of providing insurance cover, reducing the impact to members." Tasplan also recently ...

ASIC puts SMSF auditors on notice

ANNABELLE DICKSON  |  MONDAY, 21 SEP 2020
... suspend 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.

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... instance, freezing the superannuation guarantee at 9.5% will have a modest budget benefit in the short term via higher taxation revenue, but over time will be offset by lower superannuation. In another scenario, increasing the SG by 0.5% next year will ...