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Showing 621 - 630 of 1014 results for "Taxation"

ATO initiative raises $640 million from wealthy Australians

MARK SMITH  |  WEDNESDAY, 26 MAR 2014
The Australian Taxation Office (ATO)'s voluntary compliance initiative has exceeded expectations, raising $640 million from wealthy Australians since it was launched four years ago. Following the success of the scheme the ATO announced it has received ...

SMSFs still under-invested in global shares

MARK SMITH  |  MONDAY, 24 MAR 2014
... research Marcus Tuck. While allocations have increased slightly, the latest figures for September 2013 from the Australian Taxation Office (ATO) reveal that overseas equities account for just 0.4% of the total capital invested in SMSFs. "There are many ...

British govt to introduce pension choice

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
... overhaul of the nation's private pensions system and will introduce choice of retirement product and simplify retiree taxation structures. The proposals were announced in the British 2014 Budget that was handed down yesterday. An explanatory statement ...

Super is now an economic driver

ALEX DUNNIN  |  WEDNESDAY, 19 MAR 2014
... reviewing sectional microeconomic superannuation policy settings, such as self-managed super funds, contribution levels or taxation concessions, but how capital within the framework of superannuation can be more efficiently unlocked for the national ...

Russell after-tax director resurfaces at Parametric

ALICE URIBE  |  TUESDAY, 18 MAR 2014
... and head of after-tax investing at QIC. She is also a qualified solicitor and chartered tax adviser, specialising in taxation laws applying to the superannuation and investment management industry. "Joining Parametric is a fantastic progression of my ...

Parliament passes more nuanced SMSF penalties

JAMES FERNYHOUGH  |  THURSDAY, 13 MAR 2014
New laws have been passed giving the Australian Taxation Office (ATO) more varied powers to penalise self-managed superannuation funds (SMSFs) that fail to comply. Previously the ATO had limited options in dealing with non-compliant SMSF trustees, often ...

SPAA calls for reduction in SMSF levy

JAMES FERNYHOUGH  |  MONDAY, 10 MAR 2014
The Australian Taxation Office's (ATOs) annual levy on self-managed superannuation funds (SMSFs) should be reduced in the May budget, according to the SMSF Professionals' Association of Australia (SPAA). SPAA's senior manager, technical and policy ...

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... within the community", taking commissions of up to 50 per cent of the member's superannuation balance. The Australian Taxation Office said that in the 2011-12 financial year it prevented 298 funds from entering the system and removed 427 existing funds ...

Death and TPD dominate Super Complaints Tribunal

JAMES FERNYHOUGH  |  FRIDAY, 28 FEB 2014
... majority of other complaints were put under the heading "administration", and related to issues such as withdrawal fees and taxation of personal contributions. Altogether the tribunal received 2,895 telephone calls during the quarter, and 594 written ...

Sinodinos announces SuperStream governance structure

JAMES FERNYHOUGH  |  MONDAY, 24 FEB 2014
The government has announced that the Australian Taxation Office (ATO) will have stewardship of the SuperStream gateway network for the next two years, in a move it says will provide "certainty and stability" for the superannuation industry. During ...