Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 301 - 310 of 408 results for "Australian Taxation Office"

FSC denounces lost super threshold rise

JAMES FERNYHOUGH  |  MONDAY, 5 AUG 2013
... to raise the threshold at which inactive superannuation account balances can be transferred to the Australian Taxation Office (ATO). Currently, inactive account balances of under $2000 can be transferred. In the government's pre-election Economic Statement ...

ATO clarifies when a pension ceases

STAFF WRITERS  |  THURSDAY, 1 AUG 2013
The Australian Taxation Office has issued a ruling confirming the conditions for when a pension ceases. The ATO issued the Ruling to explain when a superannuation income stream commences and when it ceases, and consequently when a superannuation income ...

HNW and SMSF under ATO scrutiny

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
The Australian Taxation Office (ATO) will focus on high net worth (HNW) and self-managed superannuation funds (SMSF) misuse of the concessional tax environment, whether if it is deliberately or unintentionally. The ATO announced that it will review ...

ATO to clamp down on multinationals and trusts

MARK SMITH  |  TUESDAY, 16 JUL 2013
The Australian Taxation Office (ATO) will increase it audits and risk reviews on multinational companies and trusts as part of a strategy to combat tax crime and profit shifting to overseas havens. The ATO has released it Compliance in focus program ...

Labor and Libs joust over small business super contributions

JAMES FERNYHOUGH  |  THURSDAY, 11 JUL 2013
... business the option to remit compulsory superannuation payments made on behalf of workers directly to the Australian Taxation Office [ATO]." Small businesses responded favourably with the Real Estate Institute of Australia calling it "a sensible move." ...

Trustees warned about unintentional SMSF contributions

JAMES FERNYHOUGH  |  FRIDAY, 21 JUN 2013
... have been warned that unintentional or mistimed contributions could get them in hot water with the Australian Taxation Office (ATO). "Even the most carefully constructed contribution strategy can fail if the timing is off," Caroline Harley, an Associate ...

APRA delays collection of super reporting form

LAURA MILLAN  |  FRIDAY, 24 MAY 2013
... information that would give insight into the rate of take up of the Data and Payment standards issued by the Australian Taxation Office (ATO) in December 2012. The implementation process is expected to be completed on the last quarter of 2018-2019.

SuperStream data standards superficial

ALEX DUNNIN  |  TUESDAY, 21 MAY 2013
... to rapidly shift towards electronic protocols before all sections are prepared. A statement on the Australian Taxation Office (ATO)'s website notes that the data standards provide a consistent, reliable electronic method of transacting linked data and ...

ATO release another SMSF self help guide

ALEX DUNNIN  |  FRIDAY, 17 MAY 2013
... Reflecting the rise and rise of self directed self-managed superannuation fund (SMSF) investors, the Australian Taxation Office (ATO) has issued a publication aimed at explaining to SMSF trustees the rules around how they can pay benefits from their ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
... Wealth. Tax avoidance and evasion using trusts has also been targeted with additional funding for the Australian Taxation Office (ATO) to investigate and audit the use of trust structures by high wealth individuals.