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Showing 671 - 680 of 1014 results for "Taxation"

ASFA calls for clarity on Labor's super law freeze

JAMES FERNYHOUGH  |  THURSDAY, 1 AUG 2013
... self-managed sectors sectors. Industry Super Network (ISN) chief executive David Whitely said, "Constant changes to the taxation settings can diminish community support for compulsory super, so it's important that future 'tinkering' is kept to a minimum." ...

ATO clarifies when a pension ceases

STAFF WRITERS  |  THURSDAY, 1 AUG 2013
The Australian Taxation Office has issued a ruling confirming the conditions for when a pension ceases. The ATO issued the Ruling to explain when a superannuation income stream commences and when it ceases, and consequently when a superannuation income ...

Labor pledges five-year freeze on super tax

MARK SMITH  |  THURSDAY, 1 AUG 2013
... relation to their retirement savings provision. The draft, entitled 'Fewer Changes, Better Outcomes,' supports no major taxation changes to superannuation and the government's proposal to legislate the charter into law. "From now on there won't be the ...

HNW and SMSF under ATO scrutiny

LAURA MILLAN  |  THURSDAY, 18 JUL 2013
The Australian Taxation Office (ATO) will focus on high net worth (HNW) and self-managed superannuation funds (SMSF) misuse of the concessional tax environment, whether if it is deliberately or unintentionally. The ATO announced that it will review ...

ATO to clamp down on multinationals and trusts

MARK SMITH  |  TUESDAY, 16 JUL 2013
The Australian Taxation Office (ATO) will increase it audits and risk reviews on multinational companies and trusts as part of a strategy to combat tax crime and profit shifting to overseas havens. The ATO has released it Compliance in focus program ...

Labor and Libs joust over small business super contributions

JAMES FERNYHOUGH  |  THURSDAY, 11 JUL 2013
... business the option to remit compulsory superannuation payments made on behalf of workers directly to the Australian Taxation Office [ATO]." Small businesses responded favourably with the Real Estate Institute of Australia calling it "a sensible move." ...

ECT relief should apply to non-concessional contributions: SPAA

JAMES FERNYHOUGH  |  MONDAY, 1 JUL 2013
... according to SMSF Professionals' Association of Australia (SPAA) chief executive Andrea Slattery. Amendments to the Fairer Taxation of Excess Concessional Contributions legislation passed the upper house last week, allowing members who exceeded the concessional ...

Trustees warned about unintentional SMSF contributions

JAMES FERNYHOUGH  |  FRIDAY, 21 JUN 2013
... trustees have been warned that unintentional or mistimed contributions could get them in hot water with the Australian Taxation Office (ATO). "Even the most carefully constructed contribution strategy can fail if the timing is off," Caroline Harley ...

Excess super contributions amendments pass House of Reps

JAMES FERNYHOUGH  |  FRIDAY, 21 JUN 2013
Amendments to the government's Fairer Taxation of Excess Concessional Contributions legislation has passed the lower house. Minister for Superannuation Bill Shorten's office said the legislation is expected to go before the Senate late next week, and ...

Government to table concessional contributions bill

LAURA MILLAN  |  WEDNESDAY, 19 JUN 2013
... made from July 1, 2013, from their superannuation fund without penalty. "These changes will also make superannuation taxation fairer for low and middle income earners who inadvertently breach the concessional contributions cap," Financial Services and ...