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Showing 621 - 630 of 959 results for "ATO"

AIST opposes SG charge reductions

DARREN SNYDER  |  MONDAY, 21 SEP 2015
... said. "The penalty for not paying super on time should be substantially greater than the SG itself." Between 2010 and 2014 the ATO has raised, on average, $640 million in SG charge liabilities (penalties with interest) for non-compliance. It has collected ...

New SMSFs slowing as boomers retire

ALEX BURKE  |  MONDAY, 7 SEP 2015
Net establishments of new self-managed super funds have steadily declined since mid-2014, according to ATO and APRA data. Specifically, net establishments have fallen by 24% to 22,822 in the 12 months to June 2015. While this can be partly attributed ...

Cbus opposes smaller super guarantee penalties

DARREN SNYDER  |  WEDNESDAY, 26 AUG 2015
... exceeds $2.5 billion per year. Atkin said in a recent report to government the Audit Office noted the Australian Tax Office's (ATO) own internal risk assessment indicates that as many as 11 to 20% of employers could be non-compliant with their super ...

Frydenberg relaxed about SMSF borrowing

DARREN SNYDER  |  MONDAY, 24 AUG 2015
... income issues, including the relationship between superannuation and the Age Pension. He added that the Australian Tax Office (ATO) has reported that all superannuation funds are now SuperStream compliant and more than 250,000 employers are now making ...

SMSF Association appoints independent director

DARREN SNYDER  |  MONDAY, 24 AUG 2015
... Crump said Mulcare has extensive knowledge and experience in dealing with Australian regulators, including ASIC, APRA and the ATO, as well as a history of working with government departments and ministers. "Cath has focused on change management, particularly ...

Put your tax return in to super

DARREN SNYDER  |  FRIDAY, 21 AUG 2015
... habit that improves their standard of living in retirement," Cahill said. Club Plus Super said the Australian Tax Office (ATO) believes at least 77% of taxpayers are likely to get a refund this year, with the average amount to be more than $3,600. The ...

Fundhost appoints joint CEO

ALEX BURKE  |  TUESDAY, 4 AUG 2015
Responsible entity and trustee service provider Fundhost has appointed a new joint chief executive. Drew Wilson was previously head of sales for the fund administrator, a position he took on in 2011. Prior to that, he was principal analyst at Turnstone ...

Companies failing to meet ATO benchmark

DARREN SNYDER  |  TUESDAY, 21 JUL 2015
This week the ATO launched a tax control and governance framework and companies will be expected to comply or explain why they are not doing so. KPMG has carried out continuous self-assessment surveys, both at Australian and international level on companies' ...

ASIC bans auditor and adviser

ALEX BURKE  |  WEDNESDAY, 15 JUL 2015
... approved SMSF auditors perform their role adequately," said ASIC commissioner John Price. "ASIC will continue to work with the ATO in acting to identify and remove auditors whose audit quality performance falls short."

EOFY means new laws and new products

DARREN SNYDER  |  WEDNESDAY, 1 JUL 2015
... early access to super for terminally ill patients and new significant investor visa (SIV) rules. The Australian Tax Office (ATO) expects more than 25 million member contributions will be processed using SuperStream -an electronic platform expected to ...

Editor's Choice

Treasury responds to Debelle's review into the AOFM

KARREN VERGARA
Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI
Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI
MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI
Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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