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Showing 41 - 50 of 100+ results for "Australian Tax Office"

ASIC moves against SMSF auditor misconduct

HARRISON WORLEY  |  TUESDAY, 23 JUL 2019
... auditing standards, and minimum CPD hours. Most matters were referred to the corporate regulator by the Australian Tax Office, ASIC confirmed. Three New South Wales auditors were disqualified by ASIC, including Tram Tran for not being a fit and proper ...

ATO clarifies SMSF death benefit income streams

KARREN VERGARA  |  MONDAY, 22 JUL 2019
The Australian Tax Office has released a new explanatory note on death benefit income streams, which a self-managed superannuation fund specialist has labelled as "confusing". The ATO said SMSFs recently raised a number of questions around the interaction ...

Reforms see super fees in flux

HARRISON WORLEY  |  MONDAY, 1 JUL 2019
... low-balance members and divert low-balance accounts deemed to be dormant for longer than 16 months to the Australian Tax Office, some super funds face losing a significant portion of ongoing revenue. Several super funds, such as BUSSQ, have increased ...

ASIC bans adviser over super theft

ELIZABETH MCARTHUR  |  THURSDAY, 23 MAY 2019
... showed a complete disregard of his director duties and failed to observe requirements to lodge documents with Australian Tax Office. He also failed to ensure the companies complied with their obligation to keep written financial records and failed to ...

ATO guides SMSFs on PYSP changes

HARRISON WORLEY  |  THURSDAY, 16 MAY 2019
The Australian Tax Office has provided guidance on how self-managed superannuation funds might be affected by the Protecting Your Super reforms. The ATO confirmed to SMSF investors that the raft of changes - introduced as part of the Protecting Your ...

SMSF wind-ups spike: ATO

ELIZABETH MCARTHUR  |  THURSDAY, 9 MAY 2019
... number of self-managed superannuation fund (SMSF) wind-ups shot up in the last 12-24 months, according to Australian Tax Office data. Latest ATO data reveals in 2014 the number of SMSF wind-ups was 12,654 and hovered around that point, reaching 13,470 ...

ATO demands crypto data

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
The Australian Tax Office is reminding cryptocurrency owners and traders they are required to keep records and obtaining records of between half a million to a one million individuals involved in the cryptocurrency market. The ATO announced a new data ...

CFR, ATO report on SMSF borrowing arrangements

ELIZABETH MCARTHUR  |  MONDAY, 25 MAR 2019
A new report by the Council of Financial Regulators (CFR) and the Australian Tax Office (ATO) has found limited recourse borrowing arrangements in SMSFs are not a risk to the financial system. The report by CFR and ATO was commissioned by the government ...

DomaCom concludes Federal Court action

KARREN VERGARA  |  TUESDAY, 25 SEP 2018
... pleased with the court's decision, which represents a milestone for the SMSF industry. DomaCom said the Australian Tax Office had until 7 September 2018 to appeal the High Court's decision. "Our lawyers have advised no such appeal or application ...

SMSFA addresses policy hurdles

HARRISON WORLEY  |  THURSDAY, 16 AUG 2018
... SMSFA felt the FASEA changes were "not going perhaps where we would like them." The morning session saw Australian Tax Office acting assistant commissioner SMSF segment Tara McLachlan advise the audience of issues affecting SMSFs in the first 18 months ...