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Showing 31 - 40 of 408 results for "Australian Taxation Office"

New government must prioritise payday super: SMC

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... and resources to manage the increased compliance requirements," IFPA said. SMC also suggests that the Australian Taxation Office (ATO) clearly articulate its proposed transition, with a "phased approach to enforcement to give comfort to employers who ...

Collectables market reaches $17bn: Report

KARREN VERGARA  |  MONDAY, 14 APR 2025
... respectively. While collectables represent a small portion, they continue to be popular in the SMSF sector. Australian Taxation Office (ATO) data for December 2024 shows that SMSFs had $683 million invested in collectables and personal use assets, accounting ...

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... will attract Superannuation Guarantee Charge (SGC), which is not tax-deductible. Simultaneously, the Australian Taxation Office (ATO) will also remove the ability to claim deductions for General Interest Charge and Shortfall Interest Charge to discourage ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... because "more needs to be done" to understand how the tax system is being weaponised and what actions the Australian Taxation Office (ATO) should take to respond, found that many victim-survivors usually only discover the abuse after they receive notifications ...

APRA levy to cost $243m in FY26

KARREN VERGARA  |  FRIDAY, 28 MAR 2025
... The FY26 total amount is $3.1 million less than the FY25 levy of $246.1 million or 1.3% lower. The Australian Taxation Office's (ATO) levy is set to be $37.2 million in FY26. The consultation closes on April 25.

Tax rules clarified for managed investment trusts

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
The government will amend tax laws to clarify the treatment of managed investment trusts to ensure "legitimate investors" keep their concessional withholding tax rates in Australia. Federal Budget documents said that change complements the Australian ...

Government plans to develop 'fit for purpose' digital asset regime

ANDREW MCKEAN  |  MONDAY, 24 MAR 2025
... assets and that any areas of uncertainty can be effectively managed through additional guidance from the Australian Taxation Office (ATO). In response, the ATO has committed to establishing a bespoke, time-limited crypto working group to work with the ...

Government releases draft payday super law

ANDREW MCKEAN  |  FRIDAY, 14 MAR 2025
... said employers will face tougher penalties for "longer, larger, and repeated failures." Notably, the Australian Taxation Office estimates $5.2 billion worth of super went unpaid in 2021-22. "This change will strengthen Australia's superannuation ...

Foreign investors banned from buying homes

ELIZA BAVIN  |  MONDAY, 17 FEB 2025
The Albanese government has announced it will ban foreign investors from buying established homes for at least two years and crack down on foreign land banking. Treasurer Jim Chalmers said the move is aimed at easing pressure on the Australian housing ...

Australians don't trust politicians with their super: FSC

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... result of the deliberate decision not to index the $3 million threshold," Briggs said. Analysis of Australian Taxation Office (ATO) data commissioned by the FSC last year found that more than 500,000 current taxpayers - many under the age of 30 - would ...