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Showing 281 - 290 of 959 results for "ATO"

Ask and you shall receive

ELIZA BAVIN  |  MONDAY, 26 OCT 2020
... 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 the ...

Tax Practitioners Board adds members

ANNABELLE DICKSON  |  MONDAY, 19 OCT 2020
... 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 and the Advisory Committee for the Board of Taxation. Stephens has a wealth of tax experience ...

Super industry cautious on more reform

ELIZABETH MCARTHUR  |  TUESDAY, 6 OCT 2020
... account erosion from fees and the creation of new duplicate accounts," Loane said. "The government's commitment to implement an ATO portal to help consumers select a high performing fund, and new APRA powers to weed out chronic underperformance, is a ...

MySuper funds face new test, member bans

KANIKA SOOD  |  TUESDAY, 6 OCT 2020
... $159.6 million over four years from FY21 to implement the reforms to superannuation. Three other measures announced include: an ATO-run portal for selecting MySuper accounts, stapling accounts and members, and a greater obligation of transparency and ...

SMSF changes unlikely to mushroom new funds

KANIKA SOOD  |  FRIDAY, 25 SEP 2020
... though four members have been allowed, so far majority of SMSFs (93%) only had two or fewer members in 2017-18 according to ATO. "This pattern of membership, where 7% of funds or fewer have more than two members, has been constant over the at least the ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
Over half a billion dollars of unpaid superannuation has been reunited with workers, as employers take advantage of the amnesty period to "wipe the slate clean". About 24,000 employers have admitted to underpaying staff approximately $588 million in ...

ERS tab hits $33.3bn

ALLY SELBY  |  MONDAY, 21 SEP 2020
... billion), REST ($3 billion) and Hostplus ($2.8 billion). The 10 funds with the highest number of applications received from the ATO have made approximately 2.9 million payments worth a total of $21.9 billion. The average payout from these funds was $7610 ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... Tax Office estimates from 2015. Industry Super Australia thinks this figure is closer to $6 billion. New figures from the ATO reveal that 24,000 employers have come forward and disclosed about $588 million of underpaid superannuation. The ATO declined ...

ERS applications flat line

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... average payment made over the period since inception is $7678 overall and $8426 when considering repeat applications only. The ATO saw a big spike in applications at the start of the new financial year in July as those who had already drawn on their ...

Majority of ERS applications double dippers

ELIZA BAVIN  |  MONDAY, 7 SEP 2020
... the five business days guideline indicated by APRA. The 10 funds with the highest number of applications received from the ATO have made 2.8 million payments worth a total of $21.4 billion.

Editor's Choice

Treasury responds to Debelle's review into the AOFM

KARREN VERGARA
Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI
Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI
MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI
Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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