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

Taxpayer Bill of Rights recommended

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... debts until a final determination is made by a court or another agreed on dispute resolution body. And, it has suggested that ATO workers should be more educated on taxpayer rights and the management of disputes and complaints. It wants to see a 'taxpayer ...

Advisers query super changes

ANNABELLE DICKSON  |  TUESDAY, 19 OCT 2021
... impacted. In addition, if an SMSF provided rental relief to a tenant happens which happens to contravene the super laws, the ATO will not take any action against the fund so long as the relief is on commercial terms due to financial impacts of the pandemic. ...

FSC to ban occupational exclusions

ANNABELLE DICKSON  |  TUESDAY, 12 OCT 2021
... dependent on the government facilitating better data sharing between trustees, insurers and government agencies, particularly the ATO, to improve the quality of data on members' occupational classifications."

Employers unaware of YFYS, stapling: Study

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
... could improve proactive engagement. "Any help is better than none. I assumed the stapling was between the employer and the ATO. Anything that will help an employer would be good," one employer was reported as saying. Another employer gave this feedback ...

Failing Asgard super option to close

JAMIE WILLIAMSON  |  WEDNESDAY, 29 SEP 2021
After failing the inaugural Your Future, Your Super performance test, Asgard Employee Super will shutter next month, with many members being transferred to BT's Retirement Wrap. Members of the fund were actually notified ahead of the performance ...

ATO will not pursue erroneous JobKeeper payments

KARREN VERGARA  |  MONDAY, 13 SEP 2021
... of JobKeeper despite raking in large profits, nor will it ask small businesses to repay $180 million claimed in error. The ATO revealed that over one million businesses received nearly $89 billion in JobKeeper payments, a wage subsidy introduced by the ...

Tax agent banned for dishonesty

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
... amounts of business losses and work-related expense deductions. The claims were incorrect and Jakkampudi also failed to meet the ATO lodgement dates for Truecare. This resulted in penalties being imposed on him. "Mr Jakkampudi was wilful in his deceit ...

SMSF establishments soar

ANNABELLE DICKSON  |  MONDAY, 6 SEP 2021
... superannuation funds (SMSFs) is on the rise with increased establishments and fewer wind ups in the year to June end, data from the ATO shows. There are currently 597,900 SMSFs with 1.1 million members. Throughout the year ending June 2021, there were ...

ERS re-contributions won't be taxed

ELIZABETH MCARTHUR  |  FRIDAY, 3 SEP 2021
... towards their non-concessional contributions cap. These contributions can be made between 1 July 2021 and 30 June 2030. The ATO clarified: "COVID-19 re-contribution amounts are not a new type of contribution. They are a personal contribution that we ...

Family law super reform passes

ANNABELLE DICKSON  |  FRIDAY, 3 SEP 2021
... superannuation assets in family law proceedings. Treasury Laws Amendment (2021 Measure No. 6) Bill 2021 (Schedule 5) allows the ATO to share information when an individual applies to the court to request their former partner's superannuation information. ...
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