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Showing 321 - 330 of 959 results for "ATO"

Another billion removed from super

ELIZA BAVIN | MONDAY, 22 JUN 2020

... average payment still hovering around the $7500 mark. The 10 funds with the highest number of applications received from the ATO have made 1.42 million payments worth a total of $10.46 billion. AustralianSuper, the country's largest super fund, is ...

Life insurers fork out more for mental health

HARRISON WORLEY | MONDAY, 22 JUN 2020

Life insurers are continuing to pay out more for mental health related claims, as Australians take longer to return to work, according to new analysis. The latest edition of KPMG and the Financial Services Council's five year study on life insurance ...

ATO cracks down on ERS misuse

ELIZA BAVIN | MONDAY, 22 JUN 2020

The Australian Taxation Office (ATO) has cracked down on those misusing the Early Release of Superannuation scheme in a move that has been welcomed by the Industry Super Australia (ISA). The ATO said it is beefing up enforcement efforts saying it is ...

Industry fund in successor fund transfer

JAMIE WILLIAMSON | WEDNESDAY, 17 JUN 2020

... July 16 unit pricing, and a second payment of the remainder to be made when the unit price of the day of receipt from the ATO is available. According to APRA data, LESF has paid out about $6.2 million in early release requests, while Smartsave has paid ...

ERS payments reach $15bn

ELIZA BAVIN | MONDAY, 15 JUN 2020

... other funds to have surpassed the billion dollar mark. The 10 funds with the highest number of applications received from the ATO have made 1.33 million payments worth a total of $9.76 billion. The average payment from these funds was $7441, with over ...

ATO streamlines tax return process

ELIZA BAVIN | FRIDAY, 12 JUN 2020

... to allow people to easily claim tax deductions for work from home arrangements. Assistant commissioner Karen Foat said the ATO has a range of different approaches to support taxpayers and the community through this tax time. "We know many of our clients ...

ATO warns against SMSF property development

ELIZA BAVIN | WEDNESDAY, 10 JUN 2020

... has shared its concerns about a growing number of SMSFs purchasing and investing in the development of real property. The ATO said it strongly encourages SMSF trustees who may be considering property development to seek professional advice and to approach ...

No slowing ERS applications

ELIZA BAVIN | TUESDAY, 9 JUN 2020

... eligible members have taken an average of 3.3 business days after receipt of the application from the Australian Tax Office (ATO) and 95% have been made within five business days. Over the week to May 31, superannuation funds made payments to 177,000 ...

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR | THURSDAY, 4 JUN 2020

... particularly true for our platform customers such as Asgard," the spokesperson said. "To help ensure we were ready to respond to ATO applications as quickly as possible we recruited and trained over 100 additional staff in our Australian operations and ...

Raiz Super bleeds red

ALLY SELBY | WEDNESDAY, 3 JUN 2020

... Australians continue to drawdown on their savings. It comes as superannuation consolidation tool SuperMatch is suspended by the ATO and APRA over fresh fraud fears. In a Senate hearing last week on COVID-19, APRA deputy chair Helen Rowell confirmed that ...

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Treasury responds to Debelle's review into the AOFM

KARREN VERGARA

Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI

Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI

MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI

Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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