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Showing 331 - 340 of 408 results for "Australian Taxation Office"

Property-reliant SMSFs face potential risks

MELANIE TIMBRELL  |  TUESDAY, 31 JAN 2012
... in property holdings, attributed to the clarification of the limited recourse borrowing rules by the Australian Taxation Office in September 2011. "It's not a bad idea if you are a business owner and you're buying a property to draw on the business and ...

SMSFs shift focus to property

ELISE BURGESS  |  TUESDAY, 24 JAN 2012
... attributed to the clarification of the limited recourse borrowing rules (section 67A & B, SIS Act) by the Australian Taxation Office in September 2011. Limited recourse borrowing which permits the lender recourse on the asset used as security for the ...

SMSF sector tackling misconceptions

ELISE BURGESS  |  WEDNESDAY, 7 DEC 2011
... borrowing, draft pension ruling and auditors," said Burgess. The draft pension rulings released from the Australian Taxation Office (ATO) in July this year questioned when a pension starts and ceases. "That will have implications for the way funds are ...

Super industry responds to MYEFO

ELISE BURGESS  |  WEDNESDAY, 30 NOV 2011
... for those aged under 50 for another year, however overall it welcomed the MYEFO decision to allow the Australian Taxation Office (ATO) to auto-assess the entitlement of low-income earners. The Self-Managed Super Fund Professionals' Association of Australia ...

ASFA gets behind phoenix reforms

RACHEL DAVIS  |  MONDAY, 31 OCT 2011
... Minister for Financial Services and Superannuation, Bill Shorten, the legislation will empower the Australian Taxation Office (ATO) to legally pursue directors if a company's superannuation guarantee liability and pay-as-you-go (PAYG) tax remain unpaid ...

SG High Court challenge lost

ELISE BURGESS  |  WEDNESDAY, 28 SEP 2011
... employees' superannuation on time, to instead pay the superannuation guarantee charge (SGC) to the Australian Taxation Office (ATO), which then transfers the SG amount plus an interest component to the employee's superannuation fund. Previously the Full ...

New online super tracking portal

ELISE BURGESS  |  MONDAY, 26 SEP 2011
... superannuation accounts holding $18.8 billion. In a bid to make super consolidation an easier process, the Australian Taxation Office (ATO) is currently developing a new online form for Australians to track down any lost super accounts in their name. ...

SMSFs given leeway on property assets

MATT WOODINGTON  |  WEDNESDAY, 14 SEP 2011
... trustees will be allowed to make improvements to property assets under a proposed new ruling from the Australian Taxation Office, which has also relaxed its interpretation of single acquirable assets. The ATO's draft ruling on the subject has been endorsed ...

ASFA: carbon tax implications on super rebates

ELISE BURGESS  |  MONDAY, 18 JUL 2011
... part of the implementation of the Government's carbon price announcement." As such, ASFA suggested the Australian Taxation Office use employer payment summaries to determine whether an individual is eligible for the rebate. The association also had issues ...

Govt closes in on phoenix super dodgers

ELISE BURGESS  |  WEDNESDAY, 6 JUL 2011
... so directors are held personally liable for their company's failure to pay employees and allow the Australian Taxation Office to chase directors under the regime to claim unpaid super. The draft also proposes that the Commissioner of Taxation could decide ...