Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 71 - 80 of 1011 results for "Taxation"

Transfer balance cap to rise on July 1

JAMIE WILLIAMSON  |  THURSDAY, 30 JAN 2025
While the official word will come from the Australian Taxation Office (ATO) in March, the December 2024 inflation figures released by the Australian Bureau of Statistics (ABS) yesterday confirmed the indexation of the cap. Currently $1.9 million, from ...

Victorian SMSF auditor fails to overturn disqualification

MATTHEW WAI  |  THURSDAY, 30 JAN 2025
... to perform under the SIS Act, the Superannuation Industry (Supervision) Regulations 1994. In late 2022, the Australian Taxation Office (ATO) selected three audits compiled by Islam for three different super funds and had expressed concerns. The ATO referred ...

AFCA chief operating officer departs

ELIZA BAVIN  |  THURSDAY, 30 JAN 2025
... new portal for consumers," Locke said. Prior to joining AFCA Untersteiner spent more than 13 years with the Australian Taxation Office in various roles including assistant commissioner and acting chief financial officer from August 2016 to June 2017. ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... only affect 80,000 people. "This financial year the richest 10% will receive just over $20 billion in superannuation taxation concessions. This at a time when around 23% of Australian retirees end their working lives in poverty, compared to 11.1% in ...

Mason Stevens rolls out super admin fee changes

MATTHEW WAI  |  WEDNESDAY, 15 JAN 2025
... result of increased operational costs incurred from meeting regulatory obligations. "Recent guidance from the Australian Taxation Office (ATO) with respect to the treatment of reduced input tax credits (RITC) that can be claimed by platform super funds ...

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 ...

Treasury reappoints 24 members to FSCP

ELIZA BAVIN  |  MONDAY, 9 DEC 2024
... administration of companies, financial markets, financial products and financial services, law, economics, accounting, taxation and credit activities and credit services. The reappointed members are Shabnam Amirbeaggi, Debra Anderson, Julie-Anne Berry ...

Total super assets hit $4tn milestone

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... increase in superannuation assets was due to the SMSF sector surpassing the $1 trillion mark. Fresh data from the Australian Taxation Office found total assets held in SMSFs hit $1.02 trillion. This was backed up in the APRA data, showing SMSF assets ...

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 ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... Super head of SMSF technical services Nicholas Ali also welcomed the reports, saying the legislation would double the taxation on some super members. "The Division 296 super tax is hugely unpopular, not simply because it increases the tax burden on those ...