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Showing 291 - 300 of 959 results for "ATO"

JobKeeper extension passed

ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... taxation officer to disclose information to another Australian government agency which relates to COVID-19. This will enable the ATO to share certain JobKeeper payment information with Commonwealth, state and territory government agencies to assist them ...

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... and updated its payroll to avoid future occurrences. Last Wednesday, it sent the $76,921 (plus $46,821 in interest) to the ATO. The roughly $123,743 total bill was funded out of its staff salary budget, the fund said. Former staff of the fund this month ...

ERS withdrawals surpass $32bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 95% have been made within five business days. The 10 funds with the highest number of applications received from the ...

ERS applications slow

ELIZA BAVIN  |  MONDAY, 24 AUG 2020
... Rest at $2.9 billion and Hostplus at $2.37 billion. The 10 funds with the highest number of applications received from the ATO have made 2.7 million payments worth a total of $20.8 billion. The average payment from these funds was $7620, with 96% per ...

ATO implements JobKeeper changes

ELIZA BAVIN  |  THURSDAY, 20 AUG 2020
The Australian Taxation Office (ATO) has implemented changes to the JobKeeper employee eligibility rules following the government's announcement the scheme would be altered. The changes mean employers already enrolled in JobKeeper may be able to receive ...

ASIC cracks down on 42 SMSF auditors

ALLY SELBY  |  THURSDAY, 20 AUG 2020
... standards of competency and expertise. SMSF auditors are regulated by both ASIC and the Australian Taxation Office, with the ATO monitoring conduct and subsequently referring matters to ASIC to investigate. ASIC then reviews whether to disqualify or ...

ATO clarifies part disposal rules: DomaCom

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... a part disposal of a home can work for downsizer contributions for SMSF trustees to allow them to stay in their home. The ATO's Administrative Binding Advice confirms that SMSF members are able to sell a part of their property under DomaCom's Senior ...

Tax fraud goes from paradise to prison

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... in Vanuatu for several years to avoid arrest has been jailed for six years following a 19-year joint investigation by the ATO and Australian Federal Police. Philip Northam was sentenced in the District Court of Queensland due to his involvement in an ...

40% of ERS applicants not eligible: illion

ELIZA BAVIN  |  MONDAY, 17 AUG 2020
... in their income of more than 10%." The research blamed the large number on the fact that the Australians Taxation Office (ATO) does not require any documentation to prove income loss during the application process. "The money was spent quickly: almost ...

ATO announces SMSF age limit changes

ELIZA BAVIN  |  FRIDAY, 14 AUG 2020
The Australian Taxation Office (ATO) has confirmed changes to age limits on super contributions for SMSFs. The ATO the changes have been made as part of its Superannuation - improving flexibility for older Australians measure. Changes, which were effective ...