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Showing 581 - 590 of 959 results for "ATO"

SMSFs must increase global equities investment

DARREN SNYDER  |  FRIDAY, 1 JUL 2016
... released a white paper looking at international managed portfolios as a gateway for SMSFs to invest overseas. According to ATO data, the paper says SMSFs across the country have less than 1% direct exposure to international equities whereas a balanced ...

PROFILE: Industry Super Australia chief economist Stephen Anthony

DARREN SNYDER  |  FRIDAY, 1 JUL 2016
... a cadetship at the Australian Tax Office. He was one person they hired out of about 5000 applicants. After working at the ATO for a few years, Anthony commenced his PhD in economics at La Trobe and subsequently obtained a scholarship to do a Masters ...

ATO extends SuperStream deadline

KERRIE SYDEE  |  WEDNESDAY, 22 JUN 2016
The Australian Taxation Office (ATO) has announced it will provide "compliance flexibility" to small businesses who have not implemented SuperStream ahead of the 30 June deadline. Small businesses will now have until 28 October 2016 to ensure they are ...

Topdocs extends ABN and TFN automation

MARK SMITH  |  MONDAY, 20 JUN 2016
... planning professions thousands of hours each year. "Every time a new SMSF, company or trust is required to register with the ATO, someone has to manually enter this information online, which can be a time consuming process, taking up to 30 minutes depending ...

SMSFA hires technical head from MLC

MARK SMITH  |  FRIDAY, 17 JUN 2016
... many years industry experience having worked at Plaza Financial, Colonial First State Investments, Macquarie Bank and the ATO in superannuation, investment and taxation roles. SMSF Association managing director and chief executive Andrea Slattery said ...

More winners than losers in super budget measures: ASFA

ALEX BURKE  |  FRIDAY, 3 JUN 2016
... it, the economic substance of it, that is all settled, that's in the budget and that's our policy." The figures, based on ATO and APRA data, suggest that there will be 110,000 people worse off with the $1.6 million transfer cap, "up to 500,000" by the ...

SMSFs granted ATO extension over LRBAs

DARREN SNYDER  |  TUESDAY, 31 MAY 2016
... as reinforcing why we believe it is the right regulator for our part of the superannuation industry." In December 2015 the ATO advised SMSF trustees to review LRBA's in their fund and ensure that they are on terms consistent with an arm's length dealing ...

ASIC levies up 150pct

KERRIE SYDEE  |  TUESDAY, 10 MAY 2016
... 2015-16 budget. Total levies funding required for all relevant Commonwealth agencies and departments, including APRA, ASIC, ATO and Superstream will be $250.7m, a change of 6.4% on the previous budget. The $70.4 million will be recovered to offset ASIC ...

Advisers encouraged to review changes carefully

KERRIE SYDEE  |  WEDNESDAY, 4 MAY 2016
... amount of a client's non-concessional contributions made since 1 July 2007 can be verified." The government has stated that the ATO holds reliable contribution records, but it is not clear if clients will have access to this information, meaning that ...

What the budget means for you

MARK SMITH  |  TUESDAY, 3 MAY 2016
... commitment to further clampdown on diverting revenue earned in Australia off-shore. The government has announced a 1,000-strong ATO taskforce to tackle the problem. Similar to measures introduced in the UK, a diverted profits penalty rate of 40% will ...