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Showing 741 - 750 of 959 results for "ATO"

Four new SMSFs every hour

ALEX DUNNIN  |  WEDNESDAY, 6 FEB 2013
The ATO has just released its latest self managed super fund bulletin and it confirms the stellar growth for the sector is continuing unabated. According to the report, at the end of December last year there were 496,207 SMSFs and 945,207 SMSF members ...

Government gives tax certainty for deceased estates

MARK SMITH  |  WEDNESDAY, 30 JAN 2013
... funds from assets supporting pensions are exempt from tax. However, a draft ruling issued by the Australian Taxation Office (ATO) in 2011 led to some uncertainty over eligibility for this tax exemption following the death of a member to whom a pension ...

SMSF popularity belies fickle performance

MARK SMITH  |  MONDAY, 14 JAN 2013
... unprecedented growth of the SMSF sector has eclipsed regular funds in recent years. The latest data from the Australian Tax Office (ATO) shows that there were 35,276 new funds registered last year, up 26% on the previous year, and new Australian Prudential ...

SMSF growth highest in five years

MARK STORY  |  FRIDAY, 14 DEC 2012
... established for the 2011/12 year was 36,270, the highest in five years and the second highest ever, according to the latest ATO update. The number of windups for the same period was 994, the lowest ever by nearly 4,000. This makes the net growth of SMSFs ...

Understand borrowing laws warns ATO

BEN COLLINS  |  THURSDAY, 22 NOV 2012
Be careful when investing in property, the Australian Tax Office warned self managed super fund trustees yesterday. People might be using their DYI super fund to invest in property without actually understanding borrowing laws, said acting commissioner ...

AFA: new lost super reforms a cash cow

LINDA HAUSKEN  |  THURSDAY, 1 NOV 2012
... that it raised the threshold whereby funds in inactive accounts are required to be transferred to the Australian Tax Office (ATO) from $200 to $2,000 and lowered the period of inactivity needed for the transfer to 12 months from five years. During an ...

Govt to pay interest on lost Super funds

MARK SMITH  |  TUESDAY, 23 OCT 2012
... has raised the threshold below which funds in inactive accounts are required to be transferred to the Australian Tax Office (ATO) from $200 to $2,000 and lowered the period of inactivity needed for the transfer to 12 months from five years. The measures ...

Super cap breaches tumble

LINDA HAUSKEN  |  WEDNESDAY, 17 OCT 2012
The Australian Tax Office's (ATO) latest report on cap breaches shows the number of people who exceeded the concessional contribution cap has dropped by 37% in the last 12 months. According to the ATO, in 2010/11 a total of 31,217 exceeded the cap ...

ECT assessments down 38%

ALEX DUNNIN  |  MONDAY, 15 OCT 2012
The number of excess contribution tax (ECT) assessments fell 38%, according preliminary data from the ATO. In 2009-10, the number of ECT assessments peaked at 49,786, but in 2010-11 this number had dropped to 31,217, the ATO reported. This fall in ECT ...

$1bn unpaid contributions returned

ALEX DUNNIN  |  FRIDAY, 12 OCT 2012
... missing out on remuneration they are entitled to but any potential investment earnings that money might accrue." While the ATO is the official regulator for unpaid super, Gibson said the IFCC is usually able to resolve unpaid super cases much faster. ...