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Showing 451 - 460 of 959 results for "ATO"

ATO and TPB terminate tax agents

DARREN SNYDER  |  FRIDAY, 18 JAN 2019
The registrations of tax agents QTR Accountants and Nicoh Group were terminated this week following a joint TPB and ATO investigation. The Tax Practitioners Board (TPB) and the Australian Taxation Office (ATO) received 19 consumer complaints about the ...

Minimum SMSF balance misleading: SuperConcepts

JAMIE WILLIAMSON  |  MONDAY, 14 JAN 2019
... money makes an SMSF worthwhile," Fenech said. This would make the minimum member balance $250,000 and more closely reflect the ATO's guidance to date, SuperConcepts said. However, the group did welcome the Productivity Commission's recommendation that ...

Productivity Commission shakes up default superannuation

KARREN VERGARA  |  THURSDAY, 10 JAN 2019
... four years based on investment strategy and performance, fees, governance and innovation default insurance arrangements. The ATO would implement the new default model by providing an online service for members to pick from the shortlist or nominate a ...

MYEFO: Regulatory funding increases, Budget surplus doubles

DARREN SNYDER  |  MONDAY, 17 DEC 2018
... received increased funding in the government's Mid-Year Economic and Fiscal Outlook (MYEFO). The Australian Taxation Office (ATO) will receive more than $182 million over four years from 2019-20 to extend the Serious Financial Crime Taskforce - one ...

Labor pledges tougher unpaid super penalties

KARREN VERGARA  |  MONDAY, 17 DEC 2018
... proposed new measures over the weekend in a bid to curb the "enormous issue" of unpaid super. Employers that fail to tell the ATO about unpaid superannuation entitlements will be forced to pay fines equal to 300% of the unpaid super amount. For employers ...

Advisers failing to submit SMSF returns

DARREN SNYDER  |  TUESDAY, 11 DEC 2018
... those practitioners acting in breach of the law," Taylor said. About 5% of tax practitioners have late lodgements with the ATO, including activity statements and tax returns. Seven per cent of tax practitioners have outstanding ATO debts, totalling about ...

New SG laws hit Senate

KARREN VERGARA  |  FRIDAY, 7 DEC 2018
New laws giving the ATO stronger powers to enforce superannuation guarantee obligations has progressed before the Senate. If the Treasury Laws Amendment (Measures No.4) Bill 2018 is passed, the Commissioner of Taxation will be able to issue a written ...

Assistant Treasurer warns super funds to lift engagement game

KARREN VERGARA  |  FRIDAY, 2 NOV 2018
... accounts problem. "It's not a good thing," he said. Even the government is pulling its weight, he said, adding that the ATO has to fill the gap. The Productivity Commission estimates there are currently 10 million multiple super accounts. Per member ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... opt-in basis for young members under 25 and low balances or inactive accounts. The new legislation also aims to empower the ATO to proactively reunite people's unclaimed super, cap certain fees for low balance accounts and ban exit fees, he said. ...

More SMSF auditors disqualified

DARREN SNYDER  |  TUESDAY, 30 OCT 2018
... disqualified, by searching ASIC's SMSF auditor register. Both men were referred to ASIC by the Australian Taxation Office (ATO) under section 128P of the SIS Act. From 1 July 2013, the SIS Act required all auditors of SMSFs to be registered with ...

Editor's Choice

Treasury responds to Debelle's review into the AOFM

KARREN VERGARA
Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI
Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI
MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI
Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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