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Showing 51 - 60 of 100+ results for "Australian Tax Office"

Royal Commission work impeded: Hayne

DARREN SNYDER  |  THURSDAY, 2 AUG 2018
... advice." "Some of the documents do no more than record or constitute communications with APRA, ASIC or the Australian Tax Office," he said. "Some of them do no more than record particular governance and compliance issues that had arisen without any expression ...

Cryptocurrency interest underwhelming: Poll

KARREN VERGARA  |  MONDAY, 13 NOV 2017
... regulating the sector, however virtual currencies are yet to be recognised as legal tender. According to the Australian Tax Office, bitcoin valued less than $10,000 will not be subject to tax. However, if it is held as an investment, capital gains tax ...

ATO affirms SMSF event-based reporting rules

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... a balance of $1 million or more will be subject to an event-based reporting regime from 1 July 2018, the Australian Tax Office announced. SMSF members have 28 days after the end of the quarter to report an event, which would include the commencement ...

SMSFA supports quarterly reporting proposal

EMMA RAPAPORT  |  TUESDAY, 22 AUG 2017
The Australian Tax Office's decision to offer a quarterly option as part of a position paper on event-based reporting for the transfer balance cap has been endorsed by the SMSF Association. SMSF Association (SMSFA) chief executive John Maroney says ...

ATO pushes back SMSF returns deadline

KARREN VERGARA  |  MONDAY, 15 MAY 2017
The Australian Tax Office is extending its self-managed superannuation fund annual returns date for the 2015-16 reporting period to 30 June 2017. The superannuation reform, taking effect on July 1, is proving to be a "crucial transition" period for ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
The Australian Tax Office's "inadequate" approach to policing superannuation guarantee payments has exacerbated the growing problem of non-compliance, a Senate committee report found. The ATO's reactive rather than proactive practices significantly ...

CBA reviews part-time staff earnings

JAMIE WILLIAMSON  |  FRIDAY, 3 MAR 2017
... said. In responding, CBA defended itself by citing the 2009 'Superannuation Guarantee Ruling' made by the Australian Tax Office regarding superannuation payable to employees, saying it is not obligated to do so for overtime worked by part-time staff. ...

Association and regulator join forces for industry benefit

JAMIE WILLIAMSON  |  THURSDAY, 16 FEB 2017
... biggest financial services regulators. The association has entered a three-year strategic partnership with the Australian Tax Office to ensure effective regulation and integrity of the SMSF sector, according to a statement of intent released today. SMSF ...

SMSF auditor's appeal upheld

DARREN SNYDER  |  TUESDAY, 15 NOV 2016
... no place in the whole process of trustees managing their superannuation interests." Abichandani added the Australian Tax Office monitoring role of SMSF auditors is a key measure of an auditors' competency and independency requirements and gives assurance ...

Self-auditing SMSF auditor caught in ASIC breach

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2016
... appropriate procedures for properly maintaining audit documentation. Jarjoura was referred to ASIC by the Australian Tax Office under section 128P of the Superannuation Industry (Supervision) Act 1993 (the SIS Act), which requires all auditors of SMSF ...