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Search ResultsShowing 1 - 10 of 100+ results for "ATO"
ATO can make cost of advice cheaper: Asher
KANIKA SOOD  |  THURSDAY, 9 JUL 2020
... paper from Actuaries Institute, Anthony Asher argues financial advice can be made cheaper if the Australian Taxation Office (ATO) provides some of the data necessary for good advice. Asher added that retirement incomes could rise by 15% to 30% if super ...
APRA warns of ERS second wave
ELIZA BAVIN  |  MONDAY, 6 JUL 2020
... of applications as Australians rush to remove a further $10,000 from their super. This was foreshadowed last week when the ATO website crashed due to the number of Aussies logging on to complete their tax return and apply for the second round of ERS. ...
COVID-19 stimulus continues
ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
... access a second sum. Eligible Australian and New Zealand citizens and permanent residents are able to apply online through the ATO to access up to $10,000 of their superannuation from 1 July 2020 until 24 September 2020.
ATO crashes amid tax return, ERS rush
ELIZA BAVIN  |  THURSDAY, 2 JUL 2020
... the first day of the new financial year as Australians rushed to lodge tax returns and apply for the new round of ERS. The ATO said it was aware that a number of Australians trying to access its website to lodge returns or apply for the early release ...
New requirements for SMSFs
ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... 2020-2 has been released by the Australian Accounting Standards Board (AASB) and will come into effect from 1 July 2021. The ATO said it will change the reporting requirements of certain for-profit private sector entities which will no longer be able ...
ATO doubles down on fraud crackdown
ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
The Australian Taxation Office (ATO) said it is building on its significant efforts, zeroing in on fraud and schemes designed to take advantage of the government's COVID-19 stimulus package. This includes JobKeeper, early release of superannuation ...
ATO data heaps pressure on ASIC's SMSF fact sheet
HARRISON WORLEY  |  MONDAY, 22 JUN 2020
New ATO data has brought ASIC's SMSF expense fact sheet under renewed pressure. Freshly released ATO figures show the median "operating expense" of SMSFs is $3923 a year, a stark contrast from data published by ASIC last year which stipulated the ...
Another billion removed from super
ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... average payment still hovering around the $7500 mark. The 10 funds with the highest number of applications received from the ATO have made 1.42 million payments worth a total of $10.46 billion. AustralianSuper, the country's largest super fund, is ...
ATO cracks down on ERS misuse
ELIZA BAVIN  |  MONDAY, 22 JUN 2020
The Australian Taxation Office (ATO) has cracked down on those misusing the Early Release of Superannuation scheme in a move that has been welcomed by the Industry Super Australia (ISA). The ATO said it is beefing up enforcement efforts saying it is ...
Industry fund in successor fund transfer
JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUN 2020
... July 16 unit pricing, and a second payment of the remainder to be made when the unit price of the day of receipt from the ATO is available. According to APRA data, LESF has paid out about $6.2 million in early release requests, while Smartsave has paid ...
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