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Showing 31 - 40 of 959 results for "ATO"

Unclaimed super pot hits $19bn: ATO

ELIZA BAVIN  |  THURSDAY, 30 OCT 2025
The Australian Taxation Office (ATO) released new data revealing there is almost $19 billion in lost and unclaimed superannuation waiting to be claimed by over seven million people. ATO deputy commissioner Ben Kelly said there could be several reasons ...

Early release of super for dental, IVF spikes in FY25

JAMIE WILLIAMSON  |  THURSDAY, 16 OCT 2025
... and IVF treatments increased significantly in the year to June 30. Fresh data released by the Australian Taxation Office (ATO) today shows another spike in Aussies applying for early release of their superannuation for dental treatments. About $1.37 ...

Payday super laws introduced to parliament

RIDDHIMA TALWANI  |  THURSDAY, 9 OCT 2025
... today's dollars," he said. Chalmers noted that currently unpaid super is picked up too late and when the Australian Tax Office (ATO) responds to an employee complaint, it is potentially investigating two years of unpaid super. "As part of this reform ...

ATO eyes SMSF illegal early access

KARREN VERGARA  |  THURSDAY, 28 AUG 2025
The Australian Taxation Office (ATO) will continue to tighten controls around early access of SMSF money as it grapples to contain those who access it illegally. The ATO said the growing frequency in accessing super early has forced it to make enforcement ...

ATO bares teeth at dentists pushing early super access

JAMIE WILLIAMSON  |  TUESDAY, 26 AUG 2025
The Australian Taxation Office (ATO) has warned of an increase in "dodgy advice" about accessing superannuation savings for non-critical medical procedures, like cosmetic dental work. The number of people accessing their super under the guise of medical ...

Stop delaying Payday Super laws, says SMC

JAMIE WILLIAMSON  |  TUESDAY, 15 JUL 2025
... the legislation could have on small and medium businesses, saying there should be support mechanisms put in place via the ATO. It comes as Employment Hero modelling shows there is a $124,000 working capital gap at small and medium businesses. More than ...

Section 899 ditched but companies face tax uncertainties

KARREN VERGARA  |  MONDAY, 14 JUL 2025
... there be any side deals between Australia and other jurisdictions? Cheung also pointed out how would the Commissioner (and the ATO) administer the law in the interim while negotiations take place given that a full year has passed since the legislation ...

ETF market breaks through $280bn

MATTHEW WAI  |  THURSDAY, 10 JUL 2025
The Australian ETF market ended the financial year on a record high, reaching $280 billion in total assets under management (AUM), steered by top performing ETFs across the defence and gold mining sectors. There were 36 new exchange trade products (ETPs) ...

Average super balance grows to $172k: ATO

KARREN VERGARA  |  MONDAY, 30 JUN 2025
... 24.2%, companies contributed $140 billion, while 4.4% came from excise tax or $25.4 billion. At the individual level, the ATO found that Sydney's Edgecliff, Darling Point, Rushcutters and Point Piper residents earned the highest average taxable income ...

Dodgy dentist defrauds members after draining super for medical procedures

KARREN VERGARA  |  TUESDAY, 24 JUN 2025
... of theft. After relocating to Australia, Hurst was permitted to continue practising dentistry. Australian Taxation Office (ATO) data for the 2024 financial year shows it approved the release of more than $1 billion of superannuation on medical grounds ...