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Search ResultsShowing 1 - 10 of 100+ results for "ATO"
SMSFs given small LRBA win
KARREN VERGARA  |  TUESDAY, 23 FEB 2021
... satisfied under Division 7A of the ITAA 1936 for the loan not to be treated as a deemed dividend and the requirements of the ATO's safe harbour provisions for the relevant income received by the fund not to be taxed as non-arm's length income," he said. ...
ATO targets SMSF fraud
ANNABELLE DICKSON  |  MONDAY, 22 FEB 2021
The Australian Taxation Office (ATO) is focusing attention on new SMSFs registrations after identifying illegal release of super. Speaking at the SMSFA National Conference assistant commissioner Justin Micale said results of its 'secure front door program' ...
IPO outlook positive for 2021
ANNABELLE DICKSON  |  FRIDAY, 29 JAN 2021
The pipeline is encouraging for initial public offerings on the ASX this year as 14 companies are set to list, according to the latest HLB Mann Judd IPO Watch report. The 14 companies are seeking to raise $172 million, up from $111 million sought compared ...
ATO releases finding from super survey
ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
The Australian Taxation Office (ATO) has released the key takeaways from its bi-annual survey of APRA-regulated super funds. Twice a year the ATO survey Australia's large super fund industry on ways it can improve its services and engagement with the ...
Crackdown on ERS scams continues
ELIZA BAVIN  |  MONDAY, 18 JAN 2021
The Australian Taxation Office (ATO) has confirmed it is still working with the Australian Federal Police (AFP) to crack down on early release of super scams which cost Australians over $6 million. Combined, the value of scams rose 23% in 2020, with ...
Jail time for tax adviser
ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... provision of unregistered tax agent services. Hacker was also restrained from providing BAS services whilst unregistered. The ATO first raided the One Stop Global Staffing offices in November 2018 and found evidence that Hacker had been preparing and ...
What you read in 2020
JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... took a hit. Cumulative return data of funds showed many experienced significant losses between February 20 and March 12. 6. ATO to verify early release requests (March 31) Senator Jane Hume confirmed ahead of the early release of superannuation scheme ...
ATO backs SMSFs as strong retirement choice
ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
... impacts and impacts on superannuation," Micale said. "In mid-March as the effects of COVID-19 became apparent, here at the ATO we shifted our focus from our usual mainstream compliance activities, to delivering the government's economic stimulus measures ...
Financial services' biggest tax bills revealed
ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... reasons such as operating losses, utilising losses from previous years or expensing projects operating in a start-up phase. "The ATO takes steps to verify that losses in the large market are not created through contrived schemes, but actual losses that ...
ERS costs big super funds
ELIZA BAVIN  |  MONDAY, 30 NOV 2020
... of the payments. Of the $36 billion paid out so far, the 10 funds with the highest number of applications received from the ATO have made 3.1 million payments worth a total of $23.2 billion. AustralianSuper leads the pack, having paid out $4.88 billion. ...
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