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Search ResultsShowing 1 - 10 of 100+ results for "ATO"
ATO seeks IT contractors
KANIKA SOOD  |  TUESDAY, 4 MAY 2021
... Taxation Office will approach the market for three major managed services contracts, as it looks to refresh its IT systems. The ATO will look for contractors in: centralised computing; ender user technology, and enterprise service management centre. ...
Rise of the mega funds continues
ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... Australia's retirement savings managed by just 12 funds, new research shows. KPMG's annual Super Insights report analysed APRA and ATO data and found that once the mergers that have been previously announced are finalised, 77% of member accounts will ...
Business registration to be updated
ANNABELLE DICKSON  |  THURSDAY, 15 APR 2021
... one location, bringing together ASIC's 31 business registers and the Australian Business Register onto a new system at the ATO. Under MBR, the ABRS will allow business owners to register through the Australian Taxation Office rather then the current ...
ATO quizzed on readiness for stapling
KANIKA SOOD  |  FRIDAY, 9 APR 2021
... but maintained its readiness for a July 1 go-live. Appearing before the Senate Economics Legislation Committee yesterday, ATO assistant commissioner Larissa Evans said the manual checks with ATO for an employee's old account would take "minutes". ...
Mercer calls for delay to super reforms
JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... which payroll officers will need to register an individual employees' information with the Australian Taxation Office (ATO) will be manual until 1 July 2022, at which time it will switch to a digital system. "We would recommend delaying the whole ...
Hostplus wins mandate
KANIKA SOOD  |  TUESDAY, 6 APR 2021
... accounts with over $6000 to Hostplus after a tender process conducted pre-COVID. It will return the sub-$6000 accounts to the ATO. "We went through a competitive tender process pre-COVID but the SFT [successor fund transfer] was put on hold last year," ...
Increase to super contribution cap
ELIZABETH MCARTHUR  |  TUESDAY, 6 APR 2021
... also increase from July. From 1 July 2021, the non-concessional contribution cap will increase from $100,000 to $110,000. The ATO has also increased the transfer balance cap, the limit on how much super can be transferred to a tax-free retirement account ...
Super runs out before death: ASFA
KARREN VERGARA  |  WEDNESDAY, 31 MAR 2021
... The wealthy tend to receive substantially more thus increasing intragenerational inequity, the review found. In 2018, the ATO estimated around over 1.7 million Australians aged 70 and over do not have super at all. For a minority of retirees, their superannuation ...
Chief economist update: Australia's virtuous cycle keeps on turning
BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... limited. This is because workers' reliance on the subsidy has already been declining. The Australian Taxation Office (ATO) reported that the number of employees availing of JobKeeper dropped by 57.2% in the December 2020 quarter from the second and ...
PYSP reunites $4.3bn of lost super
KANIKA SOOD  |  FRIDAY, 19 MAR 2021
... Protecting Your Super Package legislation which asked super funds to hand over inactive accounts to the Australian Taxation Office (ATO) has returned $4.3 billion to members in about 17 months. Between 1 November 2019 and 28 February 2021, nearly 3.3 ...
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