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Showing 81 - 90 of 101 results for %22Tax fraud%22

APRA targets illegal early release on super

RUTH LIEW  |  MONDAY, 8 FEB 2010
... prudent because these funds have generally not been operational for long, and have not provided enough information for the Tax Office to determine their compliance status," said APRA. The fourth step is to verify payment details. IER promoters often ...

Rationalise me

MEDIA RELEASE  |  MONDAY, 14 DEC 2009
... test would ensure investors are not disadvantaged by product rationalisation. "The proposals paper also outlines proposed tax relief for product rationalisation with restrictions to protect the integrity of the proposed tax concession." Introducing a ...

Improving admin could stop fraudsters: SPAA

MICHAEL HOBBS  |  THURSDAY, 26 NOV 2009
... Australian Federal Police where superannuation fraud information can be collated and dealt with on a single platform. Using tax file numbers as a compulsory verification code and including a bank verification process when opening an ABN would allow the ...

Stop illegal early release of super: ASIC

ASIC RELEASE  |  TUESDAY, 1 SEP 2009
... penalties to people who access their super money early. "As well as the risk of losing super savings, victims may suffer severe tax complications as a result of the fraudulent payments involved with early release schemes," said ASIC. In particular, ASIC ...

More info online for Rio Tinto

RUTH LIEW  |  MONDAY, 17 AUG 2009
... account balance. These include contributions, investment earnings and deductions such as insurance premiums and contribution tax. Complimenting this service is a transaction history function that chronologically lists the transactions from members' last ...

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 ...

Symantec warns on tax time cybercrime

Leading protection software provider Symantec has urged consumers and businesses to be more vigilant around tax year end after the group's research found more sophisticated and heightened phishing attacks around 30 June. The term 'phishing' refers to ...

Tax cheats handed decade in jail

Three South Australians were sentenced to a total of 12 years imprisonment for committing a tax fraud amounting to $6.8 million. 62-year old Maxwell John Reid, 48-year old Edna Reid and 75-year old Graham Ernest Dasborough were found guilty of a total ...

Retirement banking comes of age

Retirees aged over 60 can now access their superannuation money easily and tax-free after ING Australia and ANZ launched a pension-linked cash account that works like an ordinary bank account. Called the ANZ Prime Cash Management Account (Prime CMA) ...

Stone age funds up for reforms

... modern equivalent - on consent. However, there are always members who refuse to move to a newer product due to Capital Gains Tax (CGT) implications or various other reasons. But Pearce noted research that showed some members still refuse to move to a ...