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Showing 681 - 690 of 959 results for "ATO"

ATO issues warning ahead of tax haven crackdown

STAFF WRITER  |  FRIDAY, 28 MAR 2014
The Australian Taxation Office (ATO) is urging all taxpayers with offshore assets to declare their interests, ahead of a global crackdown on international tax havens. The ATO's offshore voluntary disclosure initiative, 'Project DO IT: disclose offshore ...

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
... 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 exceptional global ...

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
... SPAA's senior manager, technical and policy, Jordan George said that following the clearing of a backlog of tax amendments the ATO is no longer justified in charging SMSF trustees $259 a year. "These measures, such as related party transactions, SMSF ...

Advisers to complete 60 extra education hours under TASA

LAURA MILLAN  |  MONDAY, 10 MAR 2014
... review of research internet-assisted courses, attendance at in-house training on tax related subjects attendance at appropriate ATO seminars and presentations or a unit of study or other CPE activity on the TASA, including the Code, will also count for ...

New laws target promoters of early release schemes

JAMES FERNYHOUGH  |  FRIDAY, 7 MAR 2014
... of the promoters of illegal schemes. AIST executive manager of policy and research David Haynes, said: "This data from the ATO shows that this is not a small problem and we welcome any measures that will promote a better retirement future for all Aus ...

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 ...

ATO doing a good job on SMSFs: Cooper

JAMES FERNYHOUGH  |  FRIDAY, 21 FEB 2014
The Australian Taxation Office (ATO) is rising to the challenge of efficiently regulating the self-managed superannuation sector, according to Challenger's chairman of retirement income Jeremy Cooper. Cooper said that, contrary to perceptions that it ...

SMSF industry welcomes more flexible penalties

ALICE URIBE  |  THURSDAY, 20 FEB 2014
... penalties that were introduced into parliament last year had now been re-introduced and gave the Australian Taxation Office (ATO) the ability to impose penalties more appropriate to the seriousness of the offence. "Under the current rules, where the ...