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Showing 281 - 290 of 408 results for "Australian Taxation Office"

SMSF industry welcomes more flexible penalties

ALICE URIBE  |  THURSDAY, 20 FEB 2014
... said penalties that were introduced into parliament last year had now been re-introduced and gave the Australian Taxation Office (ATO) the ability to impose penalties more appropriate to the seriousness of the offence. "Under the current rules, where ...

Sinodinos rules out LRBA review for SMSFs

ALICE URIBE  |  WEDNESDAY, 19 FEB 2014
... to purchase a single asset, or a collection of identical assets that have the same market value. The Australian Taxation Office is currently seeking submissions on changes to LRBA legislation. Commenting on LRBAs, SPAA chief executive Andrea Slattery ...

SMSFs poised to boost infrastructure investing

LAURA MILLAN  |  MONDAY, 10 FEB 2014
... billion of assets of the $1.72 trillion superannuation sector as of 30 September 2013, according to the Australian Taxation Office (ATO). "We believe that this predisposition for SMSFs to hold close to one third of their assets, or a current aggregate ...

Hamilton calls for stricter SMSF licensing

MARK SMITH  |  WEDNESDAY, 5 FEB 2014
... investment strategies within SMSFs, according to Hamilton Wealth Management's Ian Gillies. The Reserve Bank, Australian Taxation Office and Australian Securities and Investments Commission have all expressed concerns about problems associated with leveraged ...

Superannuation bodies axed in government streamlining

MARK SMITH  |  MONDAY, 3 FEB 2014
... requirements and would be disbanded with remaining issues are to be taken up by forums chaired by the Australian Taxation Office. In the announcement, Sinodinos acknowledged that the Superannuation Advisory Committee and the Superannuation Roundtable ...

New ATO powers to decrease SMSF 'delinquency'

JAMES FERNYHOUGH  |  TUESDAY, 21 JAN 2014
Plans to increase the power of the Australian Taxation Office (ATO) to penalise self-managed superannuation funds (SMSFs) on a sliding scale will provide a more nuanced way of penalising 'delinquent trustees', according to Superannuation Australia's ...

SMSFs stick with cash and TDs

JAMES FERNYHOUGH  |  THURSDAY, 16 JAN 2014
... abating, despite the lowering interest rates and resulting increase in inflation risk. According to the Australian Taxation Office (ATO) September quarter 2013 figures, 29.6% of SMSF funds were invested in cash and term deposits. This compares with 30.6% ...

SMSF borrowing under control, ATO figures suggest

JAMES FERNYHOUGH  |  TUESDAY, 14 JAN 2014
... to over-borrow to invest in real estate appear to be overblown, according to figures released by the Australian Taxation Office. According to the ATO's stats for the September 2013 quarter, the rate of increase at which SMSFs have entered into limited ...

Government scraps Labor's annuities reforms

JAMES FERNYHOUGH  |  MONDAY, 16 DEC 2013
... promoting schemes designed to obtain the illegal release of superannuation benefits; and one that gives the Australian Taxation Office flexible and cost-effective penalty options to deal with SMSFs that breach the law. Scrapped measures include one that ...

SPAA defends status quo on SMSF regulation

JAMES FERNYHOUGH  |  TUESDAY, 10 DEC 2013
... understanding about the SMSF sector. If [the critics] spent some time, they would realise that the Australian Taxation Office is the appropriate regulator." She said that critics who claim that SMSFs are poorly regulated are not basing their critiques ...