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Showing 781 - 790 of 959 results for "ATO"

Legal threats loom over poor SMSF advice

ELISE BURGESS  |  FRIDAY, 23 SEP 2011
... accountants, advisers and auditors now claim this 'specialist' title despite little understanding of the laws, some of which the ATO itself is yet to clarify. Batten warned advisers, "By putting those words 'SMSF specialist' on your card, you are placing ...

SMSFs given leeway on property assets

MATT WOODINGTON  |  WEDNESDAY, 14 SEP 2011
... new ruling from the Australian Taxation Office, which has also relaxed its interpretation of single acquirable assets. The ATO's draft ruling on the subject has been endorsed by the Self Managed Super Fund Professionals Association (SPAA), which, it ...

SMSF body moves against super death tax

ALISON BEVEGE  |  TUESDAY, 26 JUL 2011
... when they move into the pension phase that when they die there wouldn't be any capital gains tax paid," he said. "But the ATO is saying that's not correct, that when you die the pensions exemption ceases." SPAA has voiced its concern over draft ruling ...

Coalition, small business reject super clearing house model

ALISON BEVEGE  |  WEDNESDAY, 20 JUL 2011
... a report called Streamlining Superannuation Collection and Distribution - July 2011. Putting super through the tax office (ATO) in accordance with its proposal would save superannuation funds $276 million per year, the report said. The organisation has ...

Market Wrap - Morning

AAP  |  FRIDAY, 8 JUL 2011
The Australian share market is receiving a sharp boost from trading offshore overnight, after Wall Street surged on positive US economic data and commodities prices rose strongly. At 0719 AEST, the September share price index futures contract was up ...

Planners embrace 8IP Asia Pac Partners

ELISE BURGESS  |  THURSDAY, 30 JUN 2011
Eight Investment Partners (8IP) has altered its 8IP Asia Pacific Partners Fund from a wholesale to a retail offering in response to demand from planning dealer groups, practices and high net worth individuals. To be available under a Product Disclosure ...

Policy war erupts over super clearing

ALEX DUNNIN  |  MONDAY, 20 JUN 2011
... is used by only one per cent of employers. But the Government immediately countered that the Coalition's plan to have the ATO itself process the payments would cost four times as much for about $64 million per year. "Over 99 per cent of Australian businesses ...

Tax strategies from ATO, Cavendish

ELISE BURGESS  |  FRIDAY, 17 JUN 2011
The Australian Taxation Office (ATO) has cautioned investors when creating a tax effective strategy, warning of the hidden consequences of new investment arrangements. The ATO has issued a new guide, Understanding tax effective investments, in a bid ...

Excess contributions penalties soar to $400m

MATT WOODINGTON  |  FRIDAY, 10 JUN 2011
... with that figure likely to rise yet further. Speaking at an upper house enquiry of the economics legislation committee, the ATO's deputy commissioner Neil Olesen confirmed the figures, a sharp rise from previous estimates that $100m had been raised from ...

Coalition adopts ALP super clearing house model

ALEX DUNNIN  |  THURSDAY, 9 JUN 2011
... businesses. Under the morphed policy, the Coalition has proposed small business employers send superannuation payments to the ATO under a clearing house model inferring it will have the same status as a payment direct to a super fund. "Small business ...