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Showing 361 - 370 of 959 results for "ATO"

SMSF auditors come under fire

ALLY SELBY  |  THURSDAY, 23 APR 2020
... requirements, and for otherwise not being a fit and proper person as he had failed to comply with undertakings made to the ATO". The corporate regulator disqualified three New South Wales-based auditors. Sofranios Vlahos was suspended for significant ...

Funds receive first ERS applications

ELIZA BAVIN  |  THURSDAY, 23 APR 2020
The ATO has confirmed the first batch of ERS applications have been sent to superannuation funds. The ATO said the implementation of the early release of super scheme for those financially effected by the COVID-19 crisis is progressing well. "We are ...

APRA questioned on fund liquidity

ELIZA BAVIN  |  WEDNESDAY, 22 APR 2020
... contrasts with the subterranean industry campaign for a bailout some weeks ago. This appears to have been an ambit claim." ATO figures show that over 880,000 Australians have registered their interest in accessing the governments ERS scheme. Funds have ...

Five day deadline tough but workable

ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
... Bloch said since details of the early release plan were released the regulators have been working with the industry. "The ATO and APRA have been working with the industry, including Mercer, as soon as details emerged," she said. "Mercer mobilised a specialised ...

ERS at risk of significant delays: ISA

ELIZA BAVIN  |  TUESDAY, 21 APR 2020
... of ineligible claims undermines the policy and could slow down the processing for legitimate claimants. In an update, the ATO said to be eligible a permanent resident must be eligible for a social security payment (jobseeker, youth allowance etc) or ...

Aussies flood to ERS as applications open

ELIZA BAVIN  |  MONDAY, 20 APR 2020
... Office has confirmed over 881,000 Australians have registered their interest in the government's early release scheme. An ATO spokesperson told Financial Standard that while official applications for the COVID-19 early release of superannuation did not ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... 1 July 2020, and a further $10,000 from July 1 until 24 September 2020. Approval for early release will be decided by the ATO. So far, well over 600,000 Australians have applied to the ATO for early release. Early estimates from the government indicated ...

APRA-regulated fund or SMSF: It's all the same

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... infrastructure holdings are less," Dunnin said. "Super funds overall have been hit equally, albeit in different ways." While the ATO has repeatedly warned that superannuation is, in many cases, safer with a fund, SMSF performance has been relatively ...

ERS can be drawn from multiple funds: ATO

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... 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 request withdrawals from ...

Taxman simplifies work from home deductions

KANIKA SOOD  |  WEDNESDAY, 8 APR 2020
... accurately completing their tax return," Minister for housing and assistant treasurer Michael Sukkar said in a statement. "The ATO has undertaken to review these arrangements in line with COVID-19 developments to see if they are required for the next ...

Editor's Choice

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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