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Showing 571 - 580 of 959 results for "ATO"

Super funds should reassess view of balances: Challenger

JAMIE WILLIAMSON  |  WEDNESDAY, 2 NOV 2016
... the full picture when reporting on average account balances as they're not considering the 45% of people with super that the ATO estimates have more than one account. ATO data also shows that average balances, once multiple accounts are consolidated ...

NSW Medical Devices Fund grants $8.6m

MARK SMITH  |  FRIDAY, 14 OCT 2016
Two Australian Private Equity & Venture Capital Association member companies have received part of the $8.6 million in funding from the NSW Government's Medical Devices Fund to bring new treatments and technologies to the market. University backed ...

Reduced contribution cap hurts women, self-employed workers: SMSFA

ALEX BURKE  |  THURSDAY, 13 OCT 2016
... on 14,351 member entries and 7,593 fund entries provided by SMSF administrator BGL Corporate Solutions, benchmarked against ATO data. It found that voluntary contributions increase significantly as members age, peaking between 60 and 75. The report attributed ...

Green light for SMSF family property investment

KERRIE SYDEE  |  THURSDAY, 29 SEP 2016
An important decision from the Australian Taxation Office (ATO) has paved the way for SMSF trustees and members to invest in family property, according to DomaCom. The ATO stated that an investment by an SMSF in by acquiring property held in a DomaCom ...

AMP subsidiary appoints SMSF executive manager

ALEX BURKE  |  THURSDAY, 11 AUG 2016
... technical and professional standards. Prior to that, he was national manager technical at OnePath and a technical director at the ATO. In his new role, starting in September, Colley will report to general manager technical services and education Peter ...

SMSF trustee fined $40K for SIS breaches

KERRIE SYDEE  |  THURSDAY, 11 AUG 2016
An SMSF trustee was fined $40,000 for 30 separate breaches of the SIS Act and ordered to pay the ATO's costs of $14,000. A trustee of the Felix Super Fund, Michael Rodriguez, was handed the fine after an ATO audit found that Rodriguez was using the ...

SMSF advisers face demanding year

MARK SMITH  |  TUESDAY, 2 AUG 2016
... non-concessional contributions in light of the changes. Above and beyond the Budget changes, George said ongoing scrutiny by the ATO of arrangements involving SMSFs to inappropriately minimise tax, and the requirements to ensure that SMSF-related party ...

ATO on phoenix watch

DARREN SNYDER  |  MONDAY, 1 AUG 2016
... phoenix activity, including unpaid superannuation, following the recent execution of six search warrants on the Gold Coast. The ATO said the six warrants were executed through the multi-agency Phoenix Taskforce and formed part of an investigation in ...

Retirement system needs work: Actuaries

DARREN SNYDER  |  THURSDAY, 28 JUL 2016
... accounting for more than $12 billion of assets in the drawdown phase in each year of the study. The second study was based on ATO data provided to the CSIRO. The Actuaries Institute said another important finding was that drawdown behaviours are universally ...

ATO resource targets illegal pension schemes

MARK SMITH  |  THURSDAY, 28 JUL 2016
The Australian Taxation Office (ATO) has launched a new initiative aimed at educating advisers and pre-retirees about the potential pitfalls of retirement planning schemes. Super Scheme Smart - which forms part of the ATO's broader focus on tax avoidance ...