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Showing 641 - 650 of 959 results for "ATO"

SMSF trustees warned SuperStream deadline looms

MARK SMITH  |  TUESDAY, 5 MAY 2015
... up to $3,400 will apply to those that don't meet the deadline. "According to figures from the Australian Taxation Office (ATO), a sizeable percentage of SMSFs are not compliant yet," Slattery said. SMSFs receiving contributions from large employers have ...

New law to add clarity to business sales

LAURA MILLAN  |  FRIDAY, 24 APR 2015
... has been applied to these arrangements has been complex and has given rise to unfair outcomes for taxpayers," he added. "The ATO released a draft ruling in December 2007 that changed the way earnouts would be treated for both parties, and increased the ...

Marketing key to $480bn post-retirement opportunity

MARK SMITH  |  WEDNESDAY, 18 MAR 2015
... (24.8%) of respondents were uncertain about which retirement income provider they would choose. "Based on our research and ATO/APRA superannuation balance data for pre- and post-retirees, we estimate this uncertainty represents a $480bn opportunity for ...

Punitive excess contributions tax removed

MARK SMITH  |  MONDAY, 9 MAR 2015
... and taxed at their marginal tax rate. The investment earnings are calculated through a proxy earnings rate by applying the ATO's General Interest Charge rate to the excess non-concessional contribution. A 15% tax offset is then passed on to the superannuation ...

Pro-active, timely responses avoid SMSF penalties

MARK SMITH  |  THURSDAY, 19 FEB 2015
... instances of non-compliance is the best way for self-managed super fund (SMSF) members and trustees to avoid penalties from the ATO. That was the advice dispensed by ATO director of SMSF income tax & regulatory programs for superannuation Nathan Burgess ...

SMSF Association introduces new accreditation

MARK SMITH  |  THURSDAY, 19 FEB 2015
... specialisation. The industry body is also bringing in a Graduate Certificate program and made its Australian Taxation Office (ATO) approved SMSF Association Trustee Education Directive available on its website. The SMSF Association has also been working ...

CBA dangles carrot to roll customers into Essential Super

MARK SMITH  |  FRIDAY, 13 FEB 2015
... for Coles and Myer. The bank is writing to customers to let them know that it has unearthed potential lost super through an ATO data search and offering them the chance to consolidate. "You can save on multiple fees and keep track of your super balance ...

ATO recovers $30 million from HSBC accounts

ALEX BURKE  |  TUESDAY, 10 FEB 2015
The ATO has recovered over $30 million in tax liabilities from HSBC accounts held by Australian taxpayers. After the International Consortium of Investigative Journalists (ICIJ) published a report on Monday detailing how HSBC's Swiss banking arm assisted ...

SMSF sector enters next phase

LAURA MILLAN  |  MONDAY, 9 FEB 2015
... contributions for the first time. This industry tipping point was confirmed with the recent release of the Australian Taxation Office (ATO) statistical report for June 2014. The figures show that member, employer and other contributions to SMSFs reached ...

FEATURE: Understanding mFund

STAFF WRITER  |  WEDNESDAY, 4 FEB 2015
... especially when compared to other developed international markets. According to figures from the Australian Taxation Office (ATO), barely 5% of the $543 billion that is invested through self-managed super funds sits in managed investment schemes. Furthermore ...