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| | | ... but for those individuals impacted the tax penalties are disproportionate. According to MLC, over two financial years the ATO issued 65,000 letters to the 0.65 per cent of all super fund members who breached their contribution caps. Gemma Dale, head ... |
| | | | ... between technology provider BGL and unified managed account provider OneVue, automatically fills out scores of forms such as the ATO ABN application, ATO trustee declaration and the SMSF trust deed. Ron Lesh, managing director of BGL, said the technology ... |
| | | | ... currently not allowed to renovate properties, nor would they be able to rebuild one if it were lost in a fire or a flood. "The ATO, APRA and the Treasury are currently considering this and we hope to get some clarification and softening of the rules ... |
| | | | ... scheme promoters since July, with three cases reportedly before the courts. Tax commissioner Michael D'Ascenzo has said the ATO has written to 80,000 tax scheme participants since 2006. The tax office yesterday launched a new guide to help tax intermediaries ... |
| | | | The Australian market has received mixed leads from offshore trading overnight. Wall Street ended slightly lower after recouping earlier losses, while European markets were lower and Asia was mixed. Oil and gold hit new highs. At 0722 AEST on the ASX ... |
| | | | ... of superannuation legislation, an industry body said today. Market research company Roy Morgan Research has challenged the ATO, saying the super guarantee charge is not a tax and the Federal Government has no right to impose it on business as it is for ... |
| | | | The Australian market has received mixed leads from offshore trading overnight. Securities markets were mixed and flat, precious metals were higher, and oil eased. At 0716 AEST on the ASX 24, the June share price index futures contract was three points ... |
| | | | ... increase the risk of a margin call and we recommend that they keep cash available for that," he said. Westpac is waiting for ATO clearance before launching new products that will be targeted at SMSF investors before the end of the financial year. In ... |
| | | | Rigid contribution cap rules with no ability to amend mistakes are causing financial planners to be caught by a new surge of compensation claims, industry leaders have said. Dante de Gori, general manager of policy and government relations for the Financial ... |
| | | | The Australian market has received mixed leads from offshore trading overnight, with Wall Street indices closing mixed after Europe was lower and Asia generally higher. Metals and oil were higher, too. At 0755 AEDT on the ASX 24, the June share price ... |
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