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Showing 381 - 390 of 1013 results for "Taxation"

Six associations form new alliance

KARREN VERGARA  |  TUESDAY, 8 MAY 2018
... Superannuation Funds Association, and Stockbrokers and Financial Advisers Association. The alliance aims to improve superannuation taxation, Age Pension means testing and the broader retirement income system. It actively calls on political parties to ...

BlackRock restructures iShares ETFs

KANIKA SOOD, KARREN VERGARA  |  THURSDAY, 3 MAY 2018
... will have no impact on investment exposures and management fees. BlackRock says the locally-domiciled ETFs will simplify taxation for investors. The new Australian funds will offer distribution reinvestment to clients. "Today's changes will make investing ...

ASIC deregisters 117 SMSF auditors

KANIKA SOOD  |  WEDNESDAY, 2 MAY 2018
... where an immediate family member had prepared the financial statements. Tattersall was referred to ASIC by the Australian Taxation Office (ATO) which is a co-regulator for SMSFs. So far this year, ASIC has taken action against at least four other SMSF ...

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
... July 2017 will not be impacted," Howard said. Early this year, the Government released its draft legislation regarding taxation integrity measures for the superannuation system. The first concerns a member's share of the outstanding balance of a limited ...

New law tightens unpaid SG penalties

KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... superannuation contributions for employees." The Treasury Laws Amendment (2018 Measures No.4) Bill 2018 will give the Australian Taxation Office (ATO) access to new enforcement and collection provisions, including strengthened arrangements for director ...

GBST and super fund collaborate for tax relief

JAMIE WILLIAMSON  |  MONDAY, 19 MAR 2018
... they are now taxable in instances where the total super balance for a member is more than $1.6 million. The Australian Taxation Office has allowed super funds to apply for relief to defer the tax payable because CGT events were caused for superannuation ...

Shuttering dividend cash loophole to hit SMSFs

KARREN VERGARA  |  TUESDAY, 13 MAR 2018
... the medium term, he added. The dividend imputation system, introduced by Paul Keating in 1987, eliminates the double taxation of dividends on two levels: The tax companies pay on profits that are then distributed to shareholders who pay personal income ...

SMSF industry hails ATO appointment

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
... Association welcomed the appointment of a new assistant commissioner, self-managed superannuation funds to the Australian Taxation Office. KPMG partner Dana Fleming succeeds Kasey Macfarlane in the role and brings more than 20 years' experience in ...

Conflicted SMSF auditor disqualified

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2018
... ATO under section 128P of the Superannuation Industry (Supervision) Act 1993. The provision allows the Commissioner of Taxation to do so if they believe an approved auditor has contravened regulations or is not a fit and proper person to serve as an ...

O'Dwyer proposes TRIS changes

KARREN VERGARA  |  TUESDAY, 13 FEB 2018
... to rein in their use as a tax minimisation tool," he said. The proposals are part of the Government's superannuation taxation reform package announced in last year's Budget. Submissions are open until February 23.