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Showing 21 - 30 of 59 results for "Tax File Number"

Lost super deadline closes in

ALEX DUNNIN  |  TUESDAY, 5 MAR 2013
... Lendon said consumers can minimise the chances of their super becoming "lost" by making sure their fund has their tax file number and letting them know if you change jobs, your address or your name.

$2.8bn in lost super found

LINDA HAUSKEN  |  WEDNESDAY, 4 JUL 2012
... paying unwanted fees. "The best way for people to avoid losing super is to ensure that their super fund has their tax file number," he added. The government has been working to make it easier for Australians to be reunited with their lost super and has ...

SuperStream compliance poses threat to funds

ELISE BURGESS  |  WEDNESDAY, 25 JAN 2012
Superannuation funds need to start dealing with the impending issues coming their way as SuperStream comes into effect, the head of Towers Watson has warned, with default member definitions under MySuper also posing concerns. Since January 1, under ...

SMSFs could use email for SuperStream

ALISON BEVEGE  |  THURSDAY, 11 AUG 2011
Self-managed superannuation funds are likely to have to comply with SuperStream requirements, but they could use email for data transfer, an industry expert has said. The SuperStream requirements mean that from 2013 mandatory requirements for data transfer ...

Westpac goes on attack against lost super

ALEX DUNNIN  |  TUESDAY, 28 JUN 2011
... ie choice of super fund that enables employees to take their fund from job to job, and by allowing a member's Tax File Number to be used to link all their superannuation accounts. "Higher balances and higher contribution levels should promote greater ...

Super heavyweights reach out to younger members

ELISE BURGESS  |  WEDNESDAY, 2 MAR 2011
... the NYW website. The ATO will be offering advice on individual's tax system, youth benefits, the benefit of a Tax File Number (TFN) and superannuation. "Super - it's your money for your future - choose the right fund and start saving - grow it! Now," ...

Treasury targets $18.8bn in lost super

ELISE BURGESS  |  MONDAY, 7 FEB 2011
Draft legislation released by the Treasury on Friday has called for submissions regarding the use of tax file numbers (TFNs) on superannuation funds, a motion receiving mixed responses from the industry. The draft proposes to assign TFNs to identify ...

Industry backs MySuper reforms

MICHAEL HOBBS  |  MONDAY, 2 AUG 2010
Superannuation industry associations have welcomed the government's MySuper reforms but one industry body said more should be done to protect and encourage competition within the market. Pauline Vamos, chief executive at the Association of Superannuation ...

TFN should be member ID: Cooper

MICHAEL HOBBS  |  MONDAY, 5 JUL 2010
The Cooper Review has recommended tax file numbers (TFNs) become the primary super fund member identifier to improve member processing and make it easier for them to switch funds. The set of reforms called "SuperStream" is designed to improve back office ...

APRA contacts funds on rollover fraud

MICHAEL HOBBS  |  THURSDAY, 6 MAY 2010
... information could be collected in the one division could help clamp down on these crimes. SPAA has also recommended tax file number be used as a compulsory verification code in addition to a bank verification process when opening an Australian Business ...