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Showing 381 - 390 of 959 results for "ATO"

Calls for super release to borrow from RBA

ALLY SELBY  |  TUESDAY, 24 MAR 2020
... would need to allow members to switch their accounts into "drawdown mode" similar to the accounts used by pensioners. The ATO would need to be notified of members switching to these accounts, Davis said, so as to "implement repayments via annual tax ...

Early release better than SG freeze

KANIKA SOOD  |  MONDAY, 23 MAR 2020
... Coates told Financial Standard. "Cancelling SG [temporarily] is more challenging as it had to be made by firms instead of the ATO. Early release of superannuation will be logistically faster and more effective." Coates added the early release provisions ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... anxious members," ISA chief executive Bernie Dean said. "Assisting those in financial hardship will come down to how well the ATO works with the funds, given each superannuation fund will have to manually issue the money. "Effective co-ordination from ...

ClearView rated stable

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
In its first ever Fitch rating, ClearView Wealth has been declared stable. ClearView Wealth has picked up a long-term issuer default rating of BBB from credit rating issuer Fitch, the wealth manager's first rating by the firm. According to Fitch, both ...

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
... 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 around $770 million. The ATO said ...

InPayTech's ClickSuper grows

HARRISON WORLEY  |  MONDAY, 9 MAR 2020
... chief executive Dean Martin said. "It ultimately serves as a communication channel for funds, payrolls, employers and the ATO, simplifying the process for employers and payrolls whilst limiting the increasing risk of identity theft and data breaches ...

SMSF Association reaffirms ATO partnership

ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
The ATO and SMSF Association have extended their strategic partnership that enables ATO employees to be seconded to the SMSFA to gain greater understanding of the SMSF sector. ATO deputy commissioner of superannuation James O'Halloran joined SMSF Association ...

Stability needed: Maroney

ELIZABETH MCARTHUR  |  MONDAY, 24 FEB 2020
... Warner to compare the costs of SMSFs with industry and retail super funds. "We've signed another three-year agreement with the ATO," he added. Maroney called on those listening to encourage colleagues to join the association, saying he anticipates "headwinds" ...

Tax chiefs crack down on tax evasion

ELIZA BAVIN  |  FRIDAY, 21 FEB 2020
... (J5) was formed in 2018 after a call from the OECD Taskforce on Tax Crime. The J5 includes the Australian Taxation Office (ATO), Her Majesty's Revenue and Customs (HMRC) from the UK, Internal Revenue Service (IRS) Criminal Investigations from the US ...

ATO cracks down on SMSFs

ELIZABETH MCARTHUR  |  FRIDAY, 21 FEB 2020
... annual conference have heard of the uptick in enforcements against SMSFs this financial year. Speaking at the conference, ATO assistant commissioner - SMSF Segment Dana Fleming said that in the financial year so far, 95 SMSF trustees have been directed ...