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Showing 481 - 490 of 959 results for "ATO"

SMSFA slams PC draft findings

KARREN VERGARA  |  WEDNESDAY, 25 JUL 2018
... the SMSFA provided alternative data to calculate SMSF investment returns and costs it deemed to be "more accurate" than the ATO data the Commission used. "In addition, ATO cost and return calculations include SMSF establishment and advice costs that ...

Advisers on scam alert

KANIKA SOOD  |  TUESDAY, 24 JUL 2018
... "particularly vigilant" of investment scams this time of the year, as scammers prey on people's fear of getting in trouble with the ATO as tax season continues, according to Finder. Australians are now losing $1 million a week to investment scams, latest ...

SuperStream changes consultation opens

HARRISON WORLEY  |  THURSDAY, 19 JUL 2018
... expedite rollovers between APRA funds and SMSFs, and improve the integrity of superannuation by ensuring mandatory use of the ATO SMSF verification service by APRA funds. The consultation period will run until 3 August 2018. Earlier this month the SMSF ...

Government cuts SMSF red tape

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
... SMSF auditor who is registered with ASIC and audits documents prepared prior to submitting an SMSF annual return (SAR). The ATO generally requires SARs to be submitted by May of the following financial year; it estimated that approximately 25% of SARs ...

Industry fund calls for tougher SMSF rules

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... report found SMSFs with smaller balances (less than $1 million) perform "significantly worse" than APRA-regulated funds. Using ATO data, it highlighted the poor performance of SMSFs with lower balances as unsustainable and posing a major risk to members. ...

SMSFs missing out on returns

KANIKA SOOD  |  WEDNESDAY, 6 JUN 2018
... Implications for smaller SMSFs Nearly three out of four SMSFs have assets under $1 million and these funds, according to the ATO, tend to have more money parked in cash and less in equities when compared to higher-performing SMSFs. "This means that the ...

Super protection policy needs improvement

DARREN SNYDER  |  FRIDAY, 1 JUN 2018
... members who are on parental leave or returning from parental leave to "prevent accounts being automatically transferred to the ATO because the account balance is $6000 or less." The advocacy group has also submitted its views on super fees. The proposed ...

Global fixed income manager mulls active bond ETFs

HARRISON WORLEY  |  FRIDAY, 1 JUN 2018
... that marketplace, and we'd hope to see them invest more in bonds and sleep better at night ultimately." Rainmaker analysis of ATO data confirms Kirkham's assertion that fixed income is difficult for SMSFs, with just 6.16% of SMSF assets allocated to ...

Parametric wins $60m global equities mandate

ALEX BURKE  |  TUESDAY, 29 MAY 2018
... Raewyn Williams and researcher Tianchuan Li, notes that higher investment returns correspond with a higher tax take to the ATO. While this isn't necessarily a bad thing, the report says that "fund members have a different perspective." After all ...

Platform provider extends relationship with wealth manager

HARRISON WORLEY  |  TUESDAY, 29 MAY 2018
... international securities is unparalleled. Furthermore, our reconstruction technology enables us to automatically handle post ex-date ATO rulings, delivering our clients accurate portfolio, performance and tax reporting under all scenarios." The extension ...