Search ResultsShowing 1 - 10 of 100+ results for "ATO"
ATO to verify early release requests
ELIZA BAVIN  |  TUESDAY, 31 MAR 2020
... Hume, the assistant minister for superannuation, financial services and financial technology, told the AFR Wealth Summit the ATO will take on the challenge of verifying requests for early release super (ERS) payments and called on the funds to cooperate. ...
Extraordinary stimulus provides wage subsidy
ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... sole traders and casuals who have been with their employer for a year or more. "This measure is being delivered through the ATO," Morrison said. "This is an absolute guarantee of payment that will assist them in supporting their payrolls... this is a ...
Rent relief welcome news for SMSFs
ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... financial years. The news was welcomed by SuperConcepts, which said it had received many queries from clients prior to the ATO's announcement. "SuperConcepts has been inundated with calls and emails from concerned clients who have an SMSF which owns ...
Early access nightmare for administrators
ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... explaining it is still working through the solutions that are available. "We are currently working with super funds and the ATO to understand the best solution to managing both the volume and the speed at which this needs to be implemented," McMurtrie ...
CareSuper leads super satisfaction
HARRISON WORLEY  |  MONDAY, 30 MAR 2020
... unable to log into accounts, change options, turn insurance on or off or even check balances. Access to accounts via the ATO was also suspended for a time, with accounts showing as closed.
Super scammers pose as authorities
HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... end up saving the super of many Australians, after it led the Australian Tax Office to get in touch. "I've already had the ATO ring me today [Thursday] and say 'Please give us as many details as you can,'" Craggs said. "Hats off to the ATO." Earlier ...
Super funds raise scam concerns
HARRISON WORLEY  |  THURSDAY, 26 MAR 2020
... in an attempt to steal their super or by offering unnecessary services for which a fee is charged," Scheerlinck said. "The ATO is managing the new early-release process through its MyGov website. There is no need to involve a third party and there are ...
ATO called to assist in early release super scheme
ELIZA BAVIN  |  THURSDAY, 26 MAR 2020
... superannuation would exceed $25 billion if 1.35 million working Australians each accessed the full amount. Jenkins said the ATO, which would make the determination on early release, could also distribute payments, and possibly invoice superannuation ...
Calls for super release to borrow from RBA
ALLY SELBY  |  TUESDAY, 24 MAR 2020
... would need to allow members to switch their accounts into "drawdown mode" similar to the accounts used by pensioners. The ATO would need to be notified of members switching to these accounts, Davis said, so as to "implement repayments via annual tax ...
Early release better than SG freeze
KANIKA SOOD  |  MONDAY, 23 MAR 2020
... Coates told Financial Standard. "Cancelling SG [temporarily] is more challenging as it had to be made by firms instead of the ATO. Early release of superannuation will be logistically faster and more effective." Coates added the early release provisions ...
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