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Showing 21 - 30 of 203 results for "Australian Tax Office"

Increase to super contribution cap

ELIZABETH MCARTHUR | TUESDAY, 6 APR 2021

Just before the Easter long weekend the Australian Tax Office confirmed an increase to superannuation contribution caps. From 1 July 2021, the annual concessional contribution cap will increase from $25,000 to $27,500. "Australians will be able to put ...

Super runs out before death: ASFA

KARREN VERGARA | WEDNESDAY, 31 MAR 2021

... Australia (ASFA) claims that most retirees run out of super well before the end of their lives, pointing to the Australian Tax Office, APRA and unpublished data from the Household, Income and Labour Dynamics in Australia (HILDA). Some 80% of those aged ...

SMSFs given small LRBA win

KARREN VERGARA | TUESDAY, 23 FEB 2021

... consequences if the loan interest has been capitalised because of COVID-19. This recent announcement by the Australian Tax Office was welcomed by the SMSF Association. SMSFA deputy chief executive and director of policy and education Peter Burgess said ...

ERS costs big super funds

ELIZA BAVIN | MONDAY, 30 NOV 2020

... eligible members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 95% have been made within five business days. Over the week to 22 November, 20,000 applications were received ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON | MONDAY, 21 SEP 2020

... to comply with SG obligations has robbed workers of their retirement savings worth $3.6 billion, based on Australian Tax Office estimates from 2015. Industry Super Australia thinks this figure is closer to $6 billion. New figures from the ATO reveal ...

ERS withdrawals surpass $32bn

ELIZA BAVIN | MONDAY, 31 AUG 2020

... eligible members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 95% have been made within five business days. The 10 funds with the highest number of applications received ...

ERS continues super drain

ELIZA BAVIN | MONDAY, 3 AUG 2020

... eligible members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 95% have been made within APRA's five business day limit. Over the week to July 26, 140,000 applications ...

Repeat ERS applications hit one million

ELIZA BAVIN | MONDAY, 27 JUL 2020

... eligible members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 98.5% have been made within five business days. AustralianSuper has paid out the most at over $4 billion, followed ...

ERS payments approach $30bn mark

ELIZA BAVIN | MONDAY, 20 JUL 2020

... eligible members have taken an average of 3.2 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 96.2% have been made within five business days. The county's largest fund, AustralianSuper, has made the most ...

No slowing ERS applications

ELIZA BAVIN | TUESDAY, 9 JUN 2020

... to 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 ...

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Federal Court calls out ASIC for re-running case on appeal

RIDDHIMA TALWANI | 12:39PM

The Full Federal Court of Australia has criticised regulators for falling back on appeals to re-litigate cases on a different legal basis than the one run at trial.

Evergreen founder exits Ascalon Capital

KARREN VERGARA | 12:33PM

Ascalon Capital has bid farewell to Evergreen Consultants' founder Angela Ashton, shortly after acquiring the consulting firm last year.

Powerhouse Ventures partners with European fund manager

KARREN VERGARA | 12:10PM

ASX-listed Powerhouse Ventures has partnered with an unnamed European fund manager that will commit US$50 million to its fledgling Critical Infrastructure Opportunities (CIO) Fund.

KeyInvest unveils new investment platform, awards mandate

MATTHEW WAI | 12:28PM

KeyInvest has launched a new investment platform to include a plethora of investment strategies ranging from private credit to global equities.

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