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Showing 841 - 850 of 959 results for "ATO"

Undue credit

BENJAMIN ONG  |  MONDAY, 25 MAY 2009
Those who forget the lessons of the past are doomed to repeat it. Are we again giving credit ratings agencies undue credit? Equity and bond markets have been shaken by Standard & Poor's warning that it might downgrade the UK's sovereign credit rating. ...

Instreet a hit with planners

MICHELLE BALTAZAR  |  THURSDAY, 30 APR 2009
... it can compete with tax-efficient products on an after-tax basis. "This was an advantage that suited many advisers, as the ATO has recently created uncertainty around some tax-effective products," said Lucas. What's more important is that losses are ...

AvSuper revamps death insurance

RUTH LIEW  |  WEDNESDAY, 22 APR 2009
... This applies to contributions made by an employer or on a salary sacrifice basis. The provision is calculated based on an ATO formula, said Griffiths. "We've decided to do it because it's in the best interest of members and their beneficiaries in the ...

ATO relays transitional rules concerns

MICHAEL HOBBS  |  FRIDAY, 17 APR 2009
The Australian Tax Office (ATO) is warning accountants and self managed super fund (SMSF) trustees to be wary of promotions that advertise selling an inactive pre-1999 SMSF with a related trust. In some cases, promoters have claimed any investments ...

BUSS(Q) calls for sub-contractor legislation

COMPANY RELEASE  |  WEDNESDAY, 8 APR 2009
... contributions, it will fall to the Australian taxpayers to fund these people's old age pensions." He said the Australian Tax Office (ATO) did not seem to monitor this issue nor had it shown the resources to deal the problem. "The ATO has created an environment ...

SMSF in-house asset rules and disclosure flawed

MICHAEL HOBBS  |  MONDAY, 23 MAR 2009
The Australian Tax Office (ATO) should give self-managed super fund (SMSF) trustees more time to comply with in-house asset rules but at the same time, require them to provide a detailed investment strategy. Speaking at the SMSF Professionals' Association ...

Contributions surge to 25pc of wages

ALEX DUNNIN  |  FRIDAY, 13 MAR 2009
Revised statistics on superannuation contributions released by APRA and the ATO reveal an explosion in the amount of money Australians are contributing into their super funds, now running at a quarter of total wages and salaries. APRA figures released ...

ATO targets early access and in-house rules

MICHAEL HOBBS  |  THURSDAY, 12 MAR 2009
The Australian Tax Office (ATO) is targeting illegal early access to retirement savings and stepping up its compliance activities to ensure self managed super fund (SMSF) trustees don't break the law. Speaking at the SMSF Professionals' Association ...

SMSFs breach asset rules

MICHELLE BALTAZAR  |  THURSDAY, 26 FEB 2009
... "Being declared non-compliant would result in the fund's taxation rate increasing from 15 to 46.5 per cent. As far as the ATO is concerned, super funds receive very attractive tax concessions and if they want to retain these benefits, they need to toe ...

Options for retiring SMSF trustees

RUTH LIEW  |  FRIDAY, 6 FEB 2009
... (APRA) Fund (SAF). SAFs are similar to SMSFs, except an approved trustee is appointed to administer it, and APRA replaces the ATO in its role as regulator. Fund members are relieved of trustee responsibilities such as managing investments, accounting ...