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Showing 521 - 530 of 959 results for "ATO"

AFCA, key housing bills passed

EMMA RAPAPORT  |  THURSDAY, 7 DEC 2017
... Pauline Hanson supported the bill but said that housing pressures could also be alleviated by curbing immigration levels. The ATO will be given the primary responsibility for administrating the scheme including; determining the eligibility of the person ...

Superannuation fears regulatory strangle: ASFA

EMMA RAPAPORT  |  WEDNESDAY, 29 NOV 2017
... Sydney. Being careful not to criticise what he described as the "necessary regulation" by the people at APRA, ASIC and the ATO, Easson said prudential standards must strike the right balance to allow the superannuation industry to thrive. "Every extra ...

CountPlus appoints CFO after executive search

ALEX BURKE  |  THURSDAY, 23 NOV 2017
After former chief financial officer John Collier resigned from CountPlus in August, the accounting and wealth firm has confirmed his replacement. Laurent Toussaint will join CountPlus in January; acting chief financial officer will operate in the role ...

ATO warns SMSFs about risky arrangements

KARREN VERGARA  |  FRIDAY, 17 NOV 2017
... self-managed superannuation fund members about entering risky retirement planning arrangements that could potentially be illegal. ATO deputy commissioner James O'Halloran urged SMSF trustees to be wary of considerations or approaches about arrangements ...

ATO affirms SMSF event-based reporting rules

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... commutation of a retirement phase pension. Other SMSFs with balances less than $1 million will continue to report annually. ATO deputy commissioner James O'Halloran said it is important to note that in all cases, reporting is only required if an event ...

TRIS tops adviser query list

EMMA RAPAPORT  |  THURSDAY, 9 NOV 2017
... can validly pass to the nominated beneficiary after death. "Parts of the new super laws and supporting commentary from the ATO point to the reversionary beneficiary themselves needing to satisfy a condition of release at the time of the original member's ...

More time needed for TBAR transition: SMSFA

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2017
... 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 'Event-Based' Reporting Position Paper, the association outlined its support for 'option 2' ...

Untouched super sits at $18 billion: ATO

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
... 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 a further $3.75 billion of unclaimed ...

Intervention from trustees can address unpaid super: IFS

EMMA RAPAPORT  |  WEDNESDAY, 6 SEP 2017
... super fund trustees act to recover unpaid super, the more likely the debt will be paid with a simple phone call." According to ATO data, small-to-medium businesses in the construction, retail, food services and accommodation sectors are the worst offenders ...

SuperStream ushers in digital era

EMMA RAPAPORT  |  THURSDAY, 31 AUG 2017
... said to enable faster rollover of member's monies from fund to fund, and greater consolidation of accounts. According to the ATO this has led to a sustained drop in the number of lost accounts. The simplified electronic processes, resulting in super ...