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Showing 81 - 90 of 858 results for "ATO"

Are Australia's wealthiest tight-fisted?

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... research found giving by those in the Financial Review Philanthropy 50 list for 2022 had decreased 2.3% on the previous year. ATO data analysed in the report showed only 2% of top income earners gave a higher proportion of their income than people in ...

Crypto asset reforms underway: Treasurer

ANDREW MCKEAN  |  MONDAY, 22 AUG 2022
... regulation is struggling to keep pace and adapt with the crypto asset sector." The government said the Australian Taxation Office (ATO) estimates more than one million taxpayers have interacted with the crypto asset ecosystem since 2018. However, more ...

Activus SMAs now available to more advisers

JAMIE WILLIAMSON  |  FRIDAY, 5 AUG 2022
Activus Investment Advisors is making its suite of SMA portfolios available on platform for the first time, partnering with Macquarie Wrap. The Activ-ator range was launched four years ago, comprising multi-asset portfolios with four risk profiles ranging ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... rapidly evolve, so to have tax governance and risk management considerations. KPMG said that the Australian Taxation Office (ATO) continues to pursue its 'Justified Trust' initiative which seeks to embrace the OECD view that tax risk management should ...

Government moves to amend military super benefits tax

ANDREW MCKEAN  |  TUESDAY, 26 JUL 2022
... reverse higher end of year tax liabilities that would have occurred for some of the affected veterans. It will also allow the ATO and Commonwealth Superannuation Corporation (CSC) to include the impact of the new offset in determining fortnightly tax ...

Clear up uncertainty: AFA, FPA

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... present there is no mechanism to address issues with regulatory uncertainty. In the tax world, there is the option to go to the ATO to ask for a binding tax ruling. In the advice world, often when a licensee approaches ASIC, they will be advised to get ...

SMSF assets climb to $892bn

ANDREW MCKEAN  |  FRIDAY, 17 JUN 2022
New quarterly ATO statistics estimate that the total assets of SMSFs are $892 billion, up 11% year on year. More broadly, the total assets of SMSFs have grown by $2.4 billion over a five-year period to the March 2022 quarter. Despite significant asset ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ...

Stephen Jones confirmed as financial services minister

CASSANDRA BALDINI  |  WEDNESDAY, 1 JUN 2022
... said Labor would examine ways of giving financial advisers better access to client superannuation information from the MyGov ATO portal. "We appreciate this initiative, knowing that it will benefit many of our members providing support to their clients," ...

Calls for Indigenous super beneficiary changes renewed

ANDREW MCKEAN  |  MONDAY, 30 MAY 2022
... added: "Current settings impact Aboriginal and Torres Strait Islander members disproportionately, as the settings prevent the ATO from providing this information to anyone else other than the legal personal representative, creating a problem when the ...