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Showing 811 - 820 of 959 results for "ATO"

SPAA to lift professional standards

MICHELLE BALTAZAR  |  WEDNESDAY, 23 FEB 2011
... contribution caps. "We look forward to clarification of the limited recourse borrowing rules, in particular, to a softening in the ATO's interpretation of them," he said. "Currently, SMSFs can only borrow against a 'single acquirable asset' and asset ...

Cycling up

BENJAMIN ONG  |  MONDAY, 7 FEB 2011
It's good in so far as it's bad. For those like me who logged on over the weekend hoping to glean clarity on America's future, the latest non-farm payrolls report outing provided none. Yes, Virginia, both the bulls and the bears would be claiming, "I ...

Trustees told to rethink ins cover strategies

ELISE BURGESS  |  THURSDAY, 3 FEB 2011
Super fund trustees warned to rethink cover strategies in light of the Australian Taxation Office (ATO) ruling regarding premiums paid by funds for insurance policies providing total and permanent disability (TPD) cover. The ATO general draft ruling ...

Large funds use scale to boost after-tax savings

ELISE BURGESS  |  WEDNESDAY, 2 FEB 2011
... superannuation funds and fund managers also use them.. According to the research, taxation advisers are hesitant to state that the ATO will allow realised capital gains to be calculated for a super fund with a propagated structure while several private ...

BetaShares launches currency ETF

MEDIA RELEASE  |  TUESDAY, 1 FEB 2011
... rather than income, which means investors may be able to benefit from capital gains discount should they qualify under the ATO regulations," said Corbett. The U.S. Dollar ETF is the third ETF listed by BetaShares after the Resources Sector ETF (ASX ...

More tax changes needed to aid local funds: BDO

MEDIA RELEASE  |  FRIDAY, 21 JAN 2011
... trading should be determined, which leads to uncertainty as to whether such profits should be taxed in Australia. How the ATO might administer the question of source worsens the uncertainty for the purposes of FIN 48 - application of certain US accounting ...

ATO to review 10,000 SMSFs

ELISE BURGESS  |  MONDAY, 6 DEC 2010
The Australian Taxation Office (ATO) is auditing and reviewing over 10,000 self-managed super funds (SMSF) this financial year as it raises its compliance focus to protect retirement savings. The ATO's scrutiny on SMSF funds and trustees follows on ...

Industry fund members switch to SMSFs

RUTH LIEW  |  TUESDAY, 16 NOV 2010
... growing segment of the superannuation market. For instance, there were over 420,000 SMSFs at the end of June, according to ATO statistics - 20,000 more than the prior corresponding period. By contrast, not-for-profit funds continue to consolidate as ...

One in five ignore super accounts

MEDIA RELEASE  |  TUESDAY, 21 SEP 2010
... by multiple funds. The fund is encouraging its members to access the Australian Taxation Office's SuperSeeker tool at www.ato.gov.au to find forgotten lost super. "By bringing your super together into one account, it's easier to keep track of how much ...

ATO tackles SMSF fraud risk

ELISE BURGESS  |  FRIDAY, 17 SEP 2010
The ATO has taken measures to protect fund members from losing their super savings, as threats to SMSFs, one of the biggest segments in the superannuation industry, become more sophisticated. "The fraud that occurs happens when they get someone's name ...