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Showing 1 - 10 of 894 results for "ATO"

WA super law reforms boost GESB

JAMIE WILLIAMSON  |  MONDAY, 2 DEC 2024
... Protecting Your Super reforms as well, allowing the fund to cancel insurance in inactive accounts and transfer them to the ATO. "GESB has a long history of managing the super and retirement savings of current and former WA public sector employees," WA's ...

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 ...

ATO recovers $900m in unpaid super

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
The Australian Taxation Office (ATO) recovered over $900 million in unpaid super owed to 800,000 employees in the past year. Latest compliance data from the ATO shows $932 million in previously unpaid superannuation reached the retirement accounts of ...

HESTA to pay members impacted by COVID revaluations

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... receive the adjustment through their account and exited members will receive the equivalent dollar value of units via the ATO." HESTA said the adjustment would occur in the coming weeks and current impacted members will be separately notified. In March ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... labour laws and so forth," she told Financial Standard. Cornelissen has seen instances of the Australian Taxation Office (ATO) pursuing businesses involved in offshoring on tax and superannuation issues. "This is the first one I've heard of around ...

Australian ETFs reach $233bn in FUM

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
The Australian ETF industry continues to see strong inflows, according to the VanEck ETF Industry Pulse October 2024, reaching a record $233 billion in funds under management. This is up 2.7% from September 2024 and up 54.5% from October 2023. Betashares ...

'No alternative': ESSSuper sues Iress

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... of the issues. One such issue occurred in the first year of the contract when Iress reported incorrect contributions to the ATO for the 2021-2022 financial year, resulting in 9% of the fund's defined benefit members receiving Excess Contribution ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
Vanguard Investments Australia managing director Daniel Shrimski believes Australians would be shocked to learn how much is being drained from their retirement savings through super fund fees. New research commissioned by Vanguard, conducted by CT Group ...

Pride Advice acquires two Adelaide-based firms

MATTHEW WAI  |  TUESDAY, 8 OCT 2024
Pride Advice has acquired two firms, flagging there is more "room for growth to come." The acquisitions of Adelaide-based Flexible Lifestyle Solutions and Serious Money have expanded Pride Advice's team from four to 11 advisers and to 30 supporting ...

ASIC crackdown: Action taken against 13 SMSF auditors

ELIZA BAVIN  |  WEDNESDAY, 2 OCT 2024
... auditors and cancelled the registration of one. All SMSF auditors were referred to ASIC by the Australian Taxation Office (ATO). Between 1 July 2023 and 30 June 2024, ASIC made 46 decisions in relation to the registration of approved SMSF auditors. Of ...
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