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Showing 431 - 440 of 959 results for "ATO"

ATO demands crypto data

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... records and obtaining records of between half a million to a one million individuals involved in the cryptocurrency market. The ATO announced a new data matching program, indicating it will actively collect data from cryptocurrency designated service ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... members with balances under $6000 and whose accounts have been inactive for 16 months will have their accounts paid to the ATO, while fee caps will be imposed on certain fees for account balances under $6000. Finally, super funds can no longer charge ...

Income only falls by 11% in retirement: Grattan

KANIKA SOOD  |  TUESDAY, 16 APR 2019
... an 11% fall in their income after retiring. The think tank updated its retirement income projections to reflect the 2015-16 ATO taxation statistics and an adjustment to how voluntary pre-tax super contributions are captured in the model. Its new projections ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... and any related general interest charge on unpaid amounts of SG. To qualify for the amnesty, employers must disclose to the ATO information related to an SG shortfall for a quarter that ends at least 28 days before the start of the 12-month amnesty period. ...

Superannuation Guarantee continues to fail employees: Report

KARREN VERGARA  |  THURSDAY, 11 APR 2019
... myth that blue-collar workers are the occupational group most likely not to receive their superannuation entitlements. Using ATO data from 2015/16, Mercer's Unsupered report reveals of the 397,900 salaried employees who are not paid superannuation ...

Protecting Your Super Package will cross finish line: Treasurer

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... claim on. It was originally slated to take effect from 1 July 2019, together with the banning of exit fees and giving the ATO powers to oversee inactive accounts under $6000 that were introduced in last year's Budget. In terms of other new measures ...

AustralianSuper hikes insurance fees

KARREN VERGARA  |  TUESDAY, 2 APR 2019
... Super legislation will take effect on 1 July 2019. Super funds will be forced to transfer inactive low-balance accounts to the ATO and cease charging insurance for inactive members. An account dormant for 16 months, which has not received contributions ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A new report by the Council of Financial Regulators (CFR) and the Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government ...

Industry fund executive takes new role

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
... making Schimmel's appointment an astute decision given her vast experience both within super and in prior roles at KPMG and the ATO. "The last few years have seen an unprecedented pace of legislative and regulatory change, and the Productivity Commission ...

Rice Warner predicts super fee-hike

HARRISON WORLEY  |  TUESDAY, 12 MAR 2019
... as a result of the Government's Protecting Your Super package transferring accounts with balances lower than $6000 to the ATO. Further, Rice Warner said if the Productivity Commission's recommendations - which include the much criticised 'best-in-show' ...