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Showing 11 - 19 of 19 results for "Income Tax Assessment Act"

Coalition pledges support for super laws amendments bill

JAMES FERNYHOUGH  |  FRIDAY, 21 JUN 2013
... hold a default account into the MySuper account of another super fund. The proposed amendments to the Income Tax Assessment Act 1997 will allow such super funds to transfer losses and deferred tax liabilities for the assets transferred. "This means default ...

Trust tax reform can be split

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
... "The Government has decided to develop the new tax system for MITs alongside the reforms to Division 6 [Income Tax Assessment Act 1936]," Bradbury said. "It makes sense to progress these reforms together to provide more certainty for managed investment ...

TPD insurance review closes

ALEX DUNNIN  |  TUESDAY, 5 JUL 2011
... that the policy conditions are consistent with disability superannuation benefits, as defined in the Income Tax Assessment Act 1997. In an attempt to simplify this process, the government has proposed that rather than needing an actuarial certificate ...

Dinosaur fund taxes should be scrapped: Bowen

RUTH LIEW  |  MONDAY, 25 FEB 2008
... board will examine whether there is a continuing need for the tax integrity rules in Division 6B of the Income Tax Assessment Act 1936, in light of the operation of the capital gains tax regime, dividend imputation and Division 6C. The costs and benefits ...

Income Tax Law to be cut by nearly 30 per cent

Treasurer Peter Costello has announced Government plans to cut the volume of Tax Law by nearly 30 per cent. The announcement is in response to the work of the advisory Board of Taxation in reviewing the tax legislation with a view to cutting it back. ...

ATO ruling leaves consumers exposed; CPA

... fear of recourse from consumers. The ATO last week issued a draft ruling that said a subsection of the Income Tax Assessment Act governing tax advisers does not apply to financial planners and others giving advice if they are not acting as the taxpayer's ...

FPA sheds light on tax advice fees

... amongst the primary accounting bodies regarding the facility by tax agents to charge a fee under the Income Tax Assessment Act (ITAA) in section 251 L (1), the Financial Planning Association of Australia (FPA) has said that financial planners that provide ...

APRA issues warning on unlawful early release of benefit schemes

... criminal offence and could expose the recipient to taxation liabilities and financial penalties under the Income Tax Assessment Act.

Government releases draft legislation on asset financing tax reform

... Parliament in the Spring Sittings 2003," said Senator Coonan. "The Government is committed to reforming the Income Tax Assessment Act 1936 provisions (Section 51 AD and the associated Division 16D), which have particular relevance to financing arrangements ...
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