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Showing 651 - 660 of 959 results for "ATO"

Spike in SMSF borrowing breaches

MARK SMITH  |  FRIDAY, 23 JAN 2015
... borrowing, research by Partners Wealth Group shows. The number of SMSFs requiring a contravention report to be lodged with the ATO has fallen over the past year and consistently over the past seven years. However, of the 5% of funds in breach last year ...

SPAA backs government position on SMSFs

STAFF WRITER  |  WEDNESDAY, 21 JAN 2015
... principles of superannuation are positive signs for trustees. Slattery added that increased surveillance of the SMSF sector by the ATO and ASIC is also a positive sign. "The other critical element to assist in building consumers' confidence that is emerging ...

FEATURE: 2014 year in review

MARK SMITH, LAURA MILLAN, JAMES FERNYHOUGH  |  FRIDAY, 12 DEC 2014
... legislation. Self-managed super funds The SMSF market continues to grow at an exponential rate. As of 30 June 2014, when the ATO last counted, there were 534,176 funds representing 1,011,686 members and $543 billion. Each of Australia's financial regulators ...

ATO cold calling to test SMSF trustees

LAURA MILLAN  |  FRIDAY, 5 DEC 2014
... operate the fund if they fail. Legal document provider Topdocs said in a technical article that "examples have arisen where the ATO has refused to issue the [Australian business number] ABN because at least one director or trustee failed the test." Topdocs ...

ATO exec leaves to join consulting firm

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
The Australian Tax Office (ATO) assistant deputy commissioner for superannuation has left the regulator to join Brisbane-based consultancy firm McPherson Super Consulting. Stuart Forsyth was involved in drafting the ATO ruling on limited recourse borrowing ...

SMSF court case highlights penalty uncertainties

LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
... "trustees should have changed behaviour when the first contravention report was filed with the Australian Taxation Office (ATO)." However, he noted that judges often take earlier court cases as a reference to establish penalties. "In this case, the penalty ...

IRESS and Class Super partner to target SMSF accountants

LAURA MILLAN  |  FRIDAY, 7 NOV 2014
... consolidated services to the SMSF sector," IRESS executive product manager for wealth Aaron Knowles said. "With the stringent ATO auditing and reporting requirements on SMSF clients, it is essential for portfolio managers to be confident they hold a ...

Bitcoin exchange goes live

JAMES FERNYHOUGH  |  TUESDAY, 21 OCT 2014
... "Australia is politically stable with a strong regulatory regime," he said. "We have spoken consistently with ASIC and the ATO as Independent Reserve has developed, as well as had the company audited by PricewaterhouseCoopers. We're very comfortable ...

Govt moves to repeal super payslip disclosure rules

JAMES FERNYHOUGH  |  THURSDAY, 16 OCT 2014
... regular notice of what is reported on their payslips. "In addition, 70% of affected employees do not make a complaint to the ATO until after they have left the employer, possibly because they don't want to jeopardise their job (and payslip reporting ...

Australians miss out on billions in unpaid super

JAMES FERNYHOUGH  |  WEDNESDAY, 8 OCT 2014
... payments. "If a payment is missing, then speak to your employer about it and, if necessary, notify the Australian Tax Office (ATO), which will be able to chase it up on your behalf, if you are unable to resolve the issue with your employer." Cbus chief ...