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Showing 761 - 770 of 959 results for "ATO"

SuperStream levy unclear

MELANIE TIMBRELL  |  MONDAY, 4 JUN 2012
... be levied in addition to the annual APRA levy which amounted to $46.8 million in 2011-12." In addition to the $467 million ATO budgeted costs to be levied on APRA regulated funds, the FSC has conducted research which shows their members will pay a further ...

ATO clarifies borrowing issues for SMSFs

RACHEL DAVIS  |  THURSDAY, 24 MAY 2012
The Australian Tax Office has clarified what is meant by a 'single acquirable asset' and what constitutes repair or maintenance of an asset, according to the SMSF Professionals' Association of Australia. The release of the Self Managed Superannuation ...

Compliance hurdles too high on PAFs

MELANIE TIMBRELL  |  FRIDAY, 18 MAY 2012
... it. "Costs of running it have now turned out to be too high so they've looked to convert to a public ancillary fund and the ATO has said the only way to do that is to create a brand new public ancillary fund," Thomas said. "So you've already got something ...

Budget: Calls for SuperStream levy dialogue

BEN COLLINS  |  WEDNESDAY, 9 MAY 2012
... Our reporting to APRA and other regulators increased, so it should be the other way around. I'm talking APRA, ASIC and the ATO," said Vamos. The Financial Services Council (FSC) also recognises the need for increased transparency, but accepts the SuperStream ...

Private equity tax treatment under scrutiny

MELANIE TIMBRELL  |  MONDAY, 7 MAY 2012
... private equity investments are of a buy/sell rather than a buy/hold kind," responded Des Maloney, special tax adviser at the ATO. "You buy an asset, sometimes distressed, you improve the profitability of the asset and hence its enterprise value and you ...

SuperMate updates online SMSF

BEN COLLINS  |  THURSDAY, 26 APR 2012
... manager at Supercorp. The updates mean that practioners using SuperMate will no longer need to receive paper forms from the ATO, fill them out and then send them back, as forms can now be logged digitally through the service. "The ability to provide ...

ECT assessments spike on government cap decision

MELANIE TIMBRELL  |  MONDAY, 2 APR 2012
... Tax notices issued in the 2009-10 financial year has spiked by almost 296%, according the latest statistical update from the ATO. The sharp incline from 15, 315 assessments issued in 2008-09 to 45,330 in 2009-10 is being attributed to the Government's ...

AIOFP selects OneVue platform

ELISE BURGESS  |  TUESDAY, 20 MAR 2012
... for our advisers and their clients," Johnston said. "This is particularly significant considering the rise in SMSFs, with ATO figures revealing that in the 2011 financial year that 33,106 SMSFs were set up over a 12 month period in comparison to 29,609 ...

Breach in contrib caps should not be taken for revenue: CPA

MELANIE TIMBRELL  |  FRIDAY, 16 MAR 2012
... provide details of the number of breaches under the $10,000 threshold that had occurred in the most recent reporting period, the ATO said it had issued 46,746 assessments to individuals for the 2010/11 year - approximately 0.5% of people who had lodged ...

ATO warns SMSFs on property transfers

ALEX DUNNIN  |  TUESDAY, 6 MAR 2012
... residential investment into your SMSF. You also cannot transfer a property that has both business and non-business uses," warned the ATO in its latest SMSF newsletter. According to the latest ATO statistics for SMSFs, real property makes up 15% of the ...

Editor's Choice

Treasury responds to Debelle's review into the AOFM

KARREN VERGARA
Treasury has responded to the Guy Debelle-led review into the Australian Office of Financial Management (AOFM), agreeing to all six recommendations.

Bravura ups guidance, reports earnings increase

RIDDHIMA TALWANI
Bravura Solutions informed investors cost discipline will protect its full year earnings result after a client migrated to a Business Process Outsourcing (BPO) early in the year.

MaxCap hires from Vanguard, AustralianSuper

MATTHEW WAI
MaxCap has welcomed two senior directors, including a portfolio manager from Australia's largest super fund, reporting to the recently named chief executive Kylie Robb.

Zenith snags mandate from Granite Bay

MATTHEW WAI
Granite Bay Private Wealth has selected Zenith Investment Partners to support their investment governance and due diligence.

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