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Showing 751 - 760 of 959 results for "ATO"

SMSF contributions up 15%

BEN COLLINS  |  TUESDAY, 9 OCT 2012
... self managed super funds were up 15% on the previous year, according to the most recent data from the Australian Tax Office (ATO), which releases contributions figures annually, with a one year lag. Australians contributed $24 billion into self managed ...

SMSF industry hits back on 'rort' claims

MELANIE TIMBRELL  |  FRIDAY, 28 SEP 2012
... concessions available to all superannuation members. Nerida Cole, managing director Financial Advisory at the firm said recent ATO statistics affirmed that SMSFs were popular with a broad range of income earners and that claims they were used as a tax ...

ATO stands up for compliant SMSFs on levy use

MELANIE TIMBRELL  |  FRIDAY, 21 SEP 2012
ATO assistant commissioner Stuart Forsyth has told an industry event it is unfair compliant SMSFs have to see a portion of their levy go towards catching out those funds which do not operate properly. Forsyth said the current open registration system ...

Super roundtable supports small business clearing house

MELANIE TIMBRELL  |  MONDAY, 10 SEP 2012
... policy debate arose last year over the Medicare clearing house with the Coalition saying it was too expensive and proposing the ATO administer payments - a suggestion which was rejected by the Government on the grounds it could cost three times as much ...

Keynes & Riccardo on display

BENJAMIN ONG  |  WEDNESDAY, 1 AUG 2012
Financial markets sit and wait while the CBs meet. No one wants to be whipsawed either way. Not even the headlines... if anybody noticed. There is not the usual sensationalism that goes with each daily move in the markets - dragging out all the negative ...

FSC focuses FATCA talk on govt agreement

MELANIE TIMBRELL  |  WEDNESDAY, 18 JUL 2012
... deal with local law issues, according to Elias, which might for example entail an agreement whereby super funds work with the ATO in accordance with Australian law and then the ATO in turn works with the IRS.

SMSFs should pay SuperStream levy: AIST

ALEX DUNNIN  |  FRIDAY, 22 JUN 2012
... development costs. SuperStream levies should meanwhile be discounted by this expenditure providing a wider benefit to the ATO and the federal government.

SuperStream passes Lower House

ALEX DUNNIN  |  TUESDAY, 19 JUN 2012
... to business transactions but does not require them to consult with business in their development. This in effect gives the ATO unbridled authority to design and build a system of protocols for participants who have no control over the end product. Given ...

SMSF establishments continue down trend

MELANIE TIMBRELL  |  MONDAY, 18 JUN 2012
... peak of 10,434 in September 2011. The latest figures take the total number of Australian SMSFs to 468,133, according to the ATO's statistical report for March 2012, with total Australian and overseas assets now at $416 billion. Listed shares are still ...

ATO warns on structured products

MELANIE TIMBRELL  |  FRIDAY, 15 JUN 2012
... products that claim to offer franking credits among tax benefits to investors. Michael D'Ascenzo, tax commissioner at the ATO has said the products involved claimed to offer exposure to a portfolio of listed securities while using a derivative instrument ...