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Showing 31 - 40 of 203 results for "Australian Tax Office"

Asgard, Future Super shamed on ERS

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... to members by super funds within five business days after the member is approved for early release by the Australian Tax Office. Labor MP Andrew Leigh expressed concern that chair of the commission Liberal MP Tim Wilson was only enquiring about conflicts ...

Funds have five days to hand over cash: APRA

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
Once the Australian Tax Office approves a superannuation fund member to access up to $10,000 of their super early the fund will only have five days to hand over the money. As part of the government's economic stimulus package, those who have lost income ...

Super funds face penalties over early release failures

ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... been impacted by whole industries shutting down in response to COVID-19 that 360,000 registered with the Australian Tax Office to access their super early in just three days. Finance Minister Mathias Cormann was asked on ABC News Breakfast whether he ...

Extraordinary stimulus provides wage subsidy

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... will begin on 1 May 2020 and be back paid until today. To be eligible businesses have to register with the Australian Tax Office and be able to prove their revenue has fallen by 30%. The payment will be available for full-time and part-time workers ...

Rent relief welcome news for SMSFs

ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... commercial premises leased to a related party have been handed some relief form the impacts of COVID-19. The Australian Tax Office has given permission for these SMSFs to now reduce the rent for the 2019/20 and 2020/21 financial years. The news was welcomed ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... social media post about the encounter may end up saving the super of many Australians, after it led the Australian Tax Office to get in touch. "I've already had the ATO ring me today [Thursday] and say 'Please give us as many details as you can,'" Craggs ...

Australia to lean on super

HARRISON WORLEY  |  MONDAY, 23 MAR 2020
... despite that, Industry Super Australia said its members stood ready to engage with the government and the Australian Tax Office to "make it work". "As we have been indicating publicly, this is an issue that must be handled very carefully in order to ...

Google to pay ATO $481.5m

ALLY SELBY  |  THURSDAY, 19 DEC 2019
The Australian Tax Office has celebrated a major win, with tech giant Google set to cough up an extra $481.5 million on top of its previous tax payments. It comes following a 10 year dispute between the ATO and Google. Microsoft, Apple and Facebook ...

Pay jockeys super: Federal Court

ELIZABETH MCARTHUR  |  THURSDAY, 19 DEC 2019
... racing clubs and state racing boards are required to pay superannuation for jockeys. The court upheld the Australian Tax Office's super guarantee charge assessments in regards to riding fees paid to jockeys during the period 1 July 2009 to 30 June 2014. ...

ATO issue SMSF scam warning

ELIZABETH MCARTHUR  |  TUESDAY, 10 DEC 2019
The Australian Tax Office has issued a warning against promoters of illegal self-managed superannuation schemes. The ATO is reminding consumers that SMSF schemes promising to allow you to withdraw super early can be illegal. "You can only access your ...