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

Search Results

Showing 301 - 310 of 1013 results for "Taxation"

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
The Australian Taxation Office has clarified the rules for the Early Release Super scheme, allowing members to withdraw super from multiple funds. The ATO said while a member can only apply for one determination per financial year, they are able to ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
... will now be able to claim 80 cents per hour for the rest of this financial year, after changes made by the Australian Taxation Office. The new shortcut method allows workers to claim 80 cents an hour of work from home and covers all deductible running ...

Hundreds of thousands flock to early release

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
The Australian Taxation Office has confirmed over 361,000 Australians have registered their interest to access their superannuation savings early. Speaking to Financial Standard an ATO spokesperson said that while official applications for the COVID-19 ...

Charterhill founder incarcerated

ALLY SELBY  |  MONDAY, 6 APR 2020
... providing financial advice on establishing SMSFs, purchasing investment properties, property management, insurance and taxation. The charges against the former director concern the misappropriation of $1.2 million in assets. Part way through the criminal ...

Super funds asked to model early release impact

KANIKA SOOD  |  TUESDAY, 31 MAR 2020
... superannuation funds' modelling of its expected impact will likely be at best, an educated guess. The Australian Taxation Office has been tasked with verifying the requests for early release of superannuation, while superannuation fund administrators ...

ATO to verify early release requests

ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
Senator Jane Hume has confirmed the Australian Taxation Office will be responsible for verifying early release super requests. Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ...

ATO called to assist in early release super scheme

ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
The Actuaries Institute has called on the Australian Taxation Office to play a role in spreading the impact of withdrawals from the governments early release super scheme, estimating it will see $25 billion pulled from super. The government announced ...

SMSFs expected to outperform: Research

ELIZA BAVIN  |  MONDAY, 23 MAR 2020
... determining factors contributing to a decline in contributions are increased regulatory scrutiny, reductions in their taxation advantages and persistent attention on the segment's low benchmark investment returns.

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The Australian Taxation Office has announced it will be expanding its Tax Avoidance Taskforce and introducing a new program targeting high wealth private groups. The ATO said in the 2016-17 financial year high wealth individuals and groups avoided paying ...

SuperConcepts names new chair

ELIZA BAVIN  |  TUESDAY, 3 MAR 2020
... that, Forsyth was a non-executive director at SuperIQ and assistant deputy commissioner superannuation at the Australian Taxation Office. SuperConcepts chief executive, Lara Bourguignon said Forsyth's SMSF experience will further bolster the positioning ...