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Showing 561 - 570 of 688 results for "Penalty"

Finance broker pleads guilty to car scam identity theft

STAFF WRITER  |  FRIDAY, 28 MAR 2014
... before Sydney's Downing Centre Local Court on 25 March 2014 and pleaded guilty to two fraud charges. She faces a maximum penalty of 10 years imprisonment for each charge. The fraud occurred between December 2011 and October 2012 when Shiraz worked as ...

Australia has softer approach to corporate wrongdoing

LAURA MILLAN  |  FRIDAY, 21 MAR 2014
... types and size of penalties for similar wrongdoing. Typically, providing credit without a license can attract a civil penalty up to ten times higher than the criminal fine for those who provide financial services without a license. "Tough penalties have ...

British govt to introduce pension choice

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
... of retirement product they use, with the withdrawal amounts being subject to marginal taxation rates not high onerous penalty rates. The British government is also proposing to offer a free financial advisory service at least insofar as these income ...

"Free set up" SMSF administrator pays infringement notice over bogus claims

ALICE URIBE  |  TUESDAY, 18 MAR 2014
... superannuation fund (SMSF) administration company SuperHelp Australia (SuperHelp) has paid a $10,200 infringement notice penalty after making potentially misleading statements about the cost of setting up an SMSF. ASIC's concerns related to an advertisement ...

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
... contravened the law of making the SMSF a non-complying fund, disqualifying the trustee, applying to court for a civil penalty or requiring the trustee to enter an enforceable undertaking. "This has been unsatisfactory with these penalties often out of ...

ASIC enhances whistleblower communication

LAURA MILLAN  |  WEDNESDAY, 19 FEB 2014
... option provided that what they can get is real comfort," Medcraft noted. "But now what they can get as a percentage of the penalty does not give them that protection." He said that ASIC has monitored other systems, particularly the one in place in the ...

Tarrant appeals AAT banning order

LAURA MILLAN  |  FRIDAY, 24 JAN 2014
... fairness, as well as, natural justice and has made a number of errors of law including the determining of an appropriate penalty." "Not to mention the exclusion of most of my evidence; the acceptance of the verbal evidence of a criminal over 3 other ...

New ATO powers to decrease SMSF 'delinquency'

JAMES FERNYHOUGH  |  TUESDAY, 21 JAN 2014
... have a wider range of options. "For too long the ATO was limited in what it could do, and in many instances the ultimate penalty of making a fund non-complying was too much of a sledgehammer," said Agland, whose organisation provides services to SMSF ...

Government scraps Labor's annuities reforms

JAMES FERNYHOUGH  |  MONDAY, 16 DEC 2013
... illegal release of superannuation benefits; and one that gives the Australian Taxation Office flexible and cost-effective penalty options to deal with SMSFs that breach the law. Scrapped measures include one that ensures that trust deed clauses cannot ...

Accountant gets 6 years jail for promoting tax avoidance scheme

MARK SMITH  |  TUESDAY, 24 SEP 2013
... and the penalties will be harsh," he said. "Promoters of tax avoidance schemes could face sanctions under the promoter penalty laws, which seek to prevent the promotion or marketing of tax exploitation schemes. "While the vast majority of taxation advisors ...