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Search ResultsShowing 1 - 10 of 100+ results for "ATO"
Amnesty unearths $588m unpaid super
KARREN VERGARA  |  MONDAY, 21 SEP 2020
Over half a billion dollars of unpaid superannuation has been reunited with workers, as employers take advantage of the amnesty period to "wipe the slate clean". About 24,000 employers have admitted to underpaying staff approximately $588 million in ...
ERS tab hits $33.3bn
ALLY SELBY  |  MONDAY, 21 SEP 2020
... billion), REST ($3 billion) and Hostplus ($2.8 billion). The 10 funds with the highest number of applications received from the ATO have made approximately 2.9 million payments worth a total of $21.9 billion. The average payout from these funds was $7610 ...
Westpac scraps SG direct debits
KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... Tax Office estimates from 2015. Industry Super Australia thinks this figure is closer to $6 billion . New figures from the ATO reveal that 24,000 employers have come forward and disclosed about $588 million of underpaid superannuation. The ATO declined ...
ERS applications flat line
ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... average payment made over the period since inception is $7678 overall and $8426 when considering repeat applications only. The ATO saw a big spike in applications at the start of the new financial year in July as those who had already drawn on their ...
Majority of ERS applications double dippers
ELIZA BAVIN  |  MONDAY, 7 SEP 2020
... the five business days guideline indicated by APRA. The 10 funds with the highest number of applications received from the ATO have made 2.8 million payments worth a total of $21.4 billion.
JobKeeper extension passed
ELIZA BAVIN  |  WEDNESDAY, 2 SEP 2020
... taxation officer to disclose information to another Australian government agency which relates to COVID-19. This will enable the ATO to share certain JobKeeper payment information with Commonwealth, state and territory government agencies to assist them ...
Industry fund underpaid SG to staff
KANIKA SOOD  |  TUESDAY, 1 SEP 2020
... and updated its payroll to avoid future occurrences. Last Wednesday, it sent the $76,921 (plus $46,821 in interest) to the ATO. The roughly $123,743 total bill was funded out of its staff salary budget, the fund said. Former staff of the fund this month ...
ERS withdrawals surpass $32bn
ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 95% have been made within five business days. The 10 funds with the highest number of applications received from the ...
ERS applications slow
ELIZA BAVIN  |  MONDAY, 24 AUG 2020
... Rest at $2.9 billion and Hostplus at $2.37 billion. The 10 funds with the highest number of applications received from the ATO have made 2.7 million payments worth a total of $20.8 billion. The average payment from these funds was $7620, with 96% per ...
ATO implements JobKeeper changes
ELIZA BAVIN  |  THURSDAY, 20 AUG 2020
The Australian Taxation Office (ATO) has implemented changes to the JobKeeper employee eligibility rules following the government's announcement the scheme would be altered. The changes mean employers already enrolled in JobKeeper may be able to receive ...
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