Search ResultsShowing 31 - 40 of 100+ results for "Australian Taxation Office"
BT Financial Group expands SMSF capability
JAMIE WILLIAMSON  |  MONDAY, 30 OCT 2017
... looking to cloud based solutions to help drive efficiency and service their clients," he said. The Australian Taxation Office estimates that about 250,000 of Australia's 590,000 SMSFs are already administered via the cloud, while BGL estimates 30% of ...
More time needed for TBAR transition: SMSFA
JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2017
The SMSF Association is calling on the Australian Taxation Office to give SMSF trustees more time to adjust to the new Transfer Balance Account Report requirements, echoing member sentiment. In its submission to the ATO's Transfer Balance Cap and SMSF ...
Untouched super sits at $18 billion: ATO
JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... the top postcodes missing out on $18 billion in unclaimed superannuation. Latest figures from the Australian Taxation Office show more than 6.3 million lost and ATO-held super accounts, with $14.12 billion of lost super being held by super funds and ...
Millennial SMSFs making impact
JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2017
... Nevertheless, a new generation is beginning to make its presence felt," the report reads. While the Australian Taxation Office predicts that millennials now represent 14% of the total SMSF population, CommSec's insights show those aged 51 to 65 years ...
SuperStream ushers in digital era
EMMA RAPAPORT  |  THURSDAY, 31 AUG 2017
Ninety-five per cent of all superannuation payments between employers and the Australian Taxation Office are being performed digitally, five years after the roll out of SuperStream. The move to digital, which involved the co-operation of 200 APRA funds ...
Government funds ATO superannuation taskforce
DARREN SNYDER  |  TUESDAY, 29 AUG 2017
... and Financial Services, Kelly O'Dwyer, said the government will fund the taskforce operated by the Australian Taxation Office (ATO). Alongside the taskforce, O'Dwyer also announced further reforms to give the ATO "near real-time visibility" over superannuation ...
Financial services ripe for mergers and acquisitions
JAMIE WILLIAMSON  |  TUESDAY, 1 AUG 2017
... invest their capital," the report reads. Minter Ellison also warned of the greater involvement of the Australian Taxation Office in such activities, with the regulator increasingly looking at dividends and franking credit balances and often having a ...
SMSF auditors merge
EMMA RAPAPORT  |  TUESDAY, 1 AUG 2017
... according to the latest statistics released by the Australian Prudential Regulation Authority and the Australian Taxation Office. The average balance of an SMSF now exceeds $1.1 million, with the average account balance for an SMSF member sitting at ...
SMSF auditor busted self-auditing
JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2017
... disqualified for auditing his own fund. ASIC investigated Neil Wilson following information supplied by the Australian Taxation Office and determined that he had breached fundamental independence and audit requirements. Wilson was found to have breached ...
Default funds must appear on online super choice forms: AIST
EMMA RAPAPORT  |  WEDNESDAY, 28 JUN 2017
The Australian Institute of Superannuation Trustees is reservedly welcoming a move by the Australian Taxation Office to place superannuation choice forms online. According to AIST chief executive Eva Scheerlinck, the ATO project, which will allow employers ...
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