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Showing 1 - 10 of 100+ results for "ATO"

Class Trust adds lodgment functionality

JAMIE WILLIAMSON  |  FRIDAY, 6 MAY 2022
... involved in lodgment, providing an end-to-end solution ahead of tax season. It's currently undergoing verification with the ATO, but will include automated pre-fill, detailed tax reconciliation, instant validation, and one-click validation. "Manually ...

ATO slammed for failing to collect billions in unpaid super

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... working Australians billions in unpaid super. In a statement, ISA said: "The auditor has found the Australian Tax Office's (ATO) reluctance to 'proactively' investigated unpaid super claims has led to it collecting a dismal 15% of what Australian workers ...

Super funds back Say on Climate

RACHEL ALEMBAKIS  |  FRIDAY, 29 APR 2022
New analysis from the Australasian Centre for Corporate Responsibility (ACCR) shows seven superannuation funds and many of the world's largest investment firms backed most 'Say on Climate' votes in 2021. There were 19 'Say on Climate' ...

SMSFA collaborates with APRA on rollover improvements

ANDREW MCKEAN  |  FRIDAY, 22 APR 2022
... inability to adequately verify the SMSF bank account as a major contributing factor to this pain point. Burgess explained that the ATO's SMSF Verification Service (SVS) enabled APRA regulated funds to verify many things including the complying status ...

Millennial super fund fails to GROW

JAMIE WILLIAMSON  |  TUESDAY, 19 APR 2022
... within OneSuper, or move to another super fund entirely. If they make no choice, their savings will be transferred to the ATO around May 27, Diversa said. In its short five years, GROW Super saw backing from Citigroup and IOOF, hired high profile executives ...

Government welcomes ATO family trust guidance

CHLOE WALKER  |  TUESDAY, 12 APR 2022
Assistant treasurer Michael Sukkar has welcomed the ATO's recent draft guidance on family trusts, noting that they are a legitimate and important way for families, particularly those running small businesses, to manage their financial affairs. This ...

Greater independence for TPB

ELIZABETH MCARTHUR  |  MONDAY, 28 MAR 2022
... regulator. With these changes the government will ensure that the separate, but related, and collaborative roles of the TPB and the ATO will continue to strengthen." The ATO and the TPB intend to settle the necessary arrangements to implement this change ...

More Diversa super products to wind up

JAMIE WILLIAMSON  |  FRIDAY, 25 MAR 2022
... YourChoice Super. Those members that didn't decide will have their retirement savings sold down to cash and transferred to the ATO commencing April 11. The decision to close Brightday, MYONESUPER and Super Prophets follows GigSuper - also a Diversa ...

Plans to remedy NALI, NALE issues welcomed

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAR 2022
... should be given an opportunity to rectify the transaction if NALE arose from an inadvertent mistake." The SMSFA added that the ATO has previously stated that if it's a general expense that is not on arm's length terms, and it relates to a service that ...

ASIC stands against suspicious SMSF auditing

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... arrangements, which create self-interest and familiarity and threaten independence. These actions follow referrals to ASIC by the ATO of 18 SMSF auditors, for contravening the independence requirements. Each of the reciprocal audit arrangements involved ...
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