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Showing 391 - 400 of 959 results for "ATO"

Art, rare coins cause issues for SMSFs

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
... SMSF sparked serious compliance concerns. Super Sphere director Belinda Aisbett, Elite Super director Katrina Fletcher and ATO director Kellie Grant hosted a discussion panel at the conference. During the session, an accountant asked what to do with ...

ATO clamps down on auditor number misuse

ELIZABETH MCARTHUR  |  THURSDAY, 20 FEB 2020
... about audits and misusing auditor numbers. Super Sphere director Belinda Aisbett, Elite Super director Katrina Fletcher and ATO director Kellie Grant chaired a discussion at the conference. The ATO ramped up its efforts to discourage SMSF Auditor Number ...

SMSFs interrupted in 2019: SuperConcepts

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 FEB 2020
... business owners as an example of a group that is sometimes disadvantaged by the work test. Burgess touched briefly on the ATO's investment diversification in SMSFs works - which is seeking to reduce the number of SMSFs with a majority of assets in property. ...

SMSF auditors in firing line

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... Australian Taxation Office for its assistance under the Superannuation Industry (Supervision) Act (SIS Act). "ASIC and the ATO work closely together as co-regulators of SMSF auditors," ASIC said. "The ATO monitors SMSF auditor conduct and may refer matters ...

Industry split over super fee hike

ELIZABETH MCARTHUR, JAMIE WILLIAMSON  |  TUESDAY, 4 FEB 2020
... addition, the spokesperson said that AustralianSuper has been a net beneficiary of recent account reunification efforts by the ATO - also a part of the PYS changes. Explaining the fee, AustralianSuper said the 3% cap on fees for members with a balance ...

SMSF data misleading: BGL

ALLY SELBY  |  FRIDAY, 31 JAN 2020
... cost of running and SMSF it is $ 3718." Despite the firm's cost revelations, BGL said it had no issue with ASIC and the ATO releasing the data. "BGL has no problem with ASIC and the ATO releasing data, but we think that data needs to be properly ...

Chief economist update: Turn the beat around

BENJAMIN ONG  |  THURSDAY, 30 JAN 2020
The stats are out and they reveal that Australia's inflation genie is still inside Aladdin's lamp. The Australian Bureau of Statistics' (ABS) consumer price index report showed headline inflation inched to 1.8% in the year to the December ...

SMSFA chief slams regulators, FASEA

ALLY SELBY  |  FRIDAY, 24 JAN 2020
... trustees last year. During a speech at a Pritchitt Partners event in Sydney, the SMSFA chief also took aim at FASEA and the ATO. Maroney said the figures used in ASIC's SMSF report were of great concern. "We took issue with some of the figures that ...

ASIC confirms SMSF negative returns

ELIZA BAVIN  |  TUESDAY, 14 JAN 2020
... Committee on Economics that SMSF's below $200,000 have a negative return on assets. Providing the most recent data from the ATO, ASIC answered the question which had been put on notice late last year. The parliament had asked ASIC commissioner Danielle ...

Free advice for bushfire victims

ELIZA BAVIN  |  MONDAY, 13 JAN 2020
... premiums. The package also includes the earl release of superannuation funds to help with expenses, but only for those whom the ATO has assessed eligible on compassionate grounds. Meanwhile, the AMP Foundation is offering financial assistance to all ...