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Showing 61 - 70 of 959 results for "ATO"

New tool will streamline regulation: Chalmers

ELIZA BAVIN  |  FRIDAY, 20 DEC 2024
... implementation of reforms. The RIG houses a forward program of key initiatives from agencies including ASIC, APRA, ACCC, RBA, ATO, AUSTRAC and ASFA. "It will particularly support smaller financial sector businesses navigate upcoming changes to the regulatory ...

Government bolsters funding for payday super reforms

ANDREW MCKEAN  |  THURSDAY, 19 DEC 2024
... entitlements at the same time as wages. Advocacy groups say this reform would drastically curb unpaid super. According to ATO data, there were more than 500,000 cases of underpayment and over 200,000 cases of non-payment of super in the 2021-22 financial ...

Perpetual takeover 'not in the best interests of shareholders'

ANDREW MCKEAN  |  TUESDAY, 17 DEC 2024
... in-line with its continuous disclosure obligations. Earlier this month, Perpetual said that it received written views from the ATO in relation to the tax treatment of the transaction that inform its assessment of the estimated net cash proceeds to shareholders ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... for the full and timely implementation of payday super, alongside strengthened unpaid super enforcement through ambitious ATO targets for "proactive recovery" and "stronger penalties." SMC is also pushing to "help Australians get an even clearer picture ...

Perpetual-KKR deal hits tax bill snag

KARREN VERGARA  |  TUESDAY, 10 DEC 2024
The Australian Taxation Office (ATO) is threatening to impose a massive tax bill on KKR's takeover of Perpetual's wealth management and corporate trust businesses, which has ballooned to more than $500 million. Perpetual said it has "strong ...

WA super law reforms boost GESB

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2024
... Protecting Your Super reforms as well, allowing the fund to cancel insurance in inactive accounts and transfer them to the ATO. "GESB has a long history of managing the super and retirement savings of current and former WA public sector employees," WA's ...

SMSFs surpass $1tn milestone

MATTHEW WAI  |  WEDNESDAY, 27 NOV 2024
The latest statistics from the Australian Taxation Office (ATO) show the total assets held within self-managed superannuation funds (SMSFs) hit $1.02 trillion at September end. The total SMSF members grew to 1,173,867 in over 630,000 SMSFs, with over ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
The Australian Taxation Office (ATO) recovered over $900 million in unpaid super owed to 800,000 employees in the past year. Latest compliance data from the ATO shows $932 million in previously unpaid superannuation reached the retirement accounts of ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... receive the adjustment through their account and exited members will receive the equivalent dollar value of units via the ATO." HESTA said the adjustment would occur in the coming weeks and current impacted members will be separately notified. In March ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... labour laws and so forth," she told Financial Standard. Cornelissen has seen instances of the Australian Taxation Office (ATO) pursuing businesses involved in offshoring on tax and superannuation issues. "This is the first one I've heard of around ...