Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 411 - 420 of 1013 results for "Taxation"

Government funds ATO superannuation taskforce

DARREN SNYDER  |  TUESDAY, 29 AUG 2017
... Revenue and Financial Services, Kelly O'Dwyer, said the government will fund the taskforce operated by the Australian Taxation Office (ATO). Alongside the taskforce, O'Dwyer also announced further reforms to give the ATO "near real-time visibility" over ...

Super FUM up 10pct to $2.3tn

ALEX DUNNIN  |  THURSDAY, 24 AUG 2017
... investments make up 34% of all MySuper assets. Fund members have at the same time responded to changing contribution rules and taxation conditions by increasing their contributions 12.2%. Voluntary member contributions skyrocketed 45% compared to employer-paid ...

Advice demand lags behind SMSF growth

EMMA RAPAPORT  |  MONDAY, 21 AUG 2017
... 585,000 SMSFs operating in Australia, 277,000 reported having unmet advice needs. This is up from 212,000 in 2015, with taxation and superannuation, retirement strategies, and investment advice voted as the top areas in which trustees would like to be ...

Discretionary trusts crackdown short-sighted

KARREN VERGARA  |  FRIDAY, 4 AUG 2017
... system and reforms that encourage a shared tax arrangement for all couples and families. One option is a family-based taxation system where a couples' combined income (and in some cases whole families) are taxed as one single unit - a practice common ...

SMSF auditors merge

EMMA RAPAPORT  |  TUESDAY, 1 AUG 2017
... assets, according to the latest statistics released by the Australian Prudential Regulation Authority and the Australian Taxation Office. The average balance of an SMSF now exceeds $1.1 million, with the average account balance for an SMSF member sitting ...

Financial services ripe for mergers and acquisitions

JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... which to invest their capital," the report reads. Minter Ellison also warned of the greater involvement of the Australian Taxation Office in such activities, with the regulator increasingly looking at dividends and franking credit balances and often ...

Government shows commitment to funds management

EMMA RAPAPORT  |  WEDNESDAY, 19 JUL 2017
... additional offshore funds flow into the sector following the Federal Government's commitment to clarify two key pieces of taxation policy. Announced by Minister for Revenue and Financial Services Kelly O'Dwyer this morning, the government will respond ...

Crowe Horwath acquires Grafton accountancy

JAMIE WILLIAMSON  |  MONDAY, 17 JUL 2017
... in what the firm described as a major step in its expansion strategy. Family-owned business R.G. Turns Accounting and Taxation has operated in Grafton for more than 25 years, and founder and principal Bob Turns said the acquisition by Crowe Horwath sees ...

Government closes super loophole

EMMA RAPAPORT  |  MONDAY, 10 JUL 2017
A loophole which allowed some superannuants to reduce taxation obligations on their superannuation income stream by electing to treat income as a series of lump sum payments has been closed by the Federal Government. The closure, announced on 3 May ...

SMSF auditor busted self-auditing

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2017
... disqualified for auditing his own fund. ASIC investigated Neil Wilson following information supplied by the Australian Taxation Office and determined that he had breached fundamental independence and audit requirements. Wilson was found to have breached ...