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Showing 31 - 40 of 471 results for %22New ATO%22

New laws to end unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 29 MAR 2023
Targeting dodgy employers, the government is introducing new legislation to combat the underpayment of workers' superannuation. Treasurer Jim Chalmers announced that new legislation will be introduced to Parliament this week, focused on enshrining workers' ...

Super reform "takes away the right to be tax exempt"

ANDREW MCKEAN  |  TUESDAY, 28 MAR 2023
... do not include these payments to determine a person's debit or credit amount against their transfer balance cap. "These new calculations should afford the same recognition of pension payments," Bradford said. "Adding regulated pension payments back ...

The sophistication of cyber threats is increasing: O'Neil

CHLOE WALKER  |  WEDNESDAY, 22 MAR 2023
... task ahead of us as an Australian government in trying to make sure that we're prepared for that." O'Neil said the new Australian cyber strategy, which will serve Australia from 2023 to 2030, is where the government is locating this policy discussion. ...

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... Melbourne, APRA general manager superannuation Katrina Ellis, ASIC Commissioner Danielle Press and Australian Tax Office (ATO) deputy commissioner Emma Rosenzweig shared a few areas of focus. Rosenzweig said the ATO has just published its major statistics ...

Super tax break crackdown to hit $410bn in savings

ANDREW MCKEAN  |  WEDNESDAY, 1 MAR 2023
... superannuation, distortions in the market, impact on divorce settlements, and the tax treatment of capital gains under the new policy. As previously reported by Financial Standard, Shadow Treasurer Angus Taylor also critiqued the government's proposed ...

Advisers put on notice: HLB Mann Judd

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... for an appropriate level of tax planning before any transactions are undertaken. It's also an education opportunity for many new entrants as it can set them up with building and structuring tax advice overtime." In 2014, the watchdog allowed a "one-off" ...

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
New research from The Australia Institute shows the cost to the federal budget of tax concessions is almost on par with the total cost of the Age Pension, with the think tank declaring the 'self-funded retiree' a misnomer. According to the insights ...

Government to close child sex abuser loophole in super

ANDREW MCKEAN  |  THURSDAY, 19 JAN 2023
... government is cracking down on child sex abusers hiding their assets in super to avoid paying compensation to victims, opening new consultation. Treasury has released a discussion paper with two proposals to close the loophole denying child abuse victims ...

Global X launches uranium ETF

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
The new Global X Uranium ETF (ATOM) will give Aussie investors exposure to the fast-growing uranium and nuclear power sector. Launched today by Global X ETFs, the fund tracks the Solactive Global Uranium and Nuclear Components Returns Index to provide ...

Financial adviser registration delayed

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
... recommendation 2.10 of the Financial Services Royal Commission. Treasury said this change was made to give full effect to the new disciplinary system for financial advisers, allowing the cancellation of registration for serious misconduct. The Act had ...