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Showing 1 - 10 of 20 results for "ATO for"

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... taxpayers who aren't getting the support they need with tax and superannuation issues and are being held liable by the ATO for debts they didn't personally incur," the report said. The ATO said financial abuse is a serious issue which can have significant ...

'No alternative': ESSSuper sues Iress

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... the issues. One such issue occurred in the first year of the contract when Iress reported incorrect contributions to the ATO for the 2021-2022 financial year, resulting in 9% of the fund's defined benefit members receiving Excess Contribution Notices ...

ATO revises advice fee tax deductibility rules

JAMIE WILLIAMSON  |  THURSDAY, 26 SEP 2024
... to the decision, Financial Advice Association Australia (FAAA) chief executive Sarah Abood said: "We want to thank the ATO for bringing this matter to a conclusion." "The confirmation that initial advice related to tax is deductible, when provided by ...

Payday super to boost retirement savings for millions

ANDREW MCKEAN  |  TUESDAY, 2 MAY 2023
... amount." Meanwhile, as part of the introduction of payday super, the government will also provide additional resources to the ATO for early detection of unpaid super payments and to establish improved recovery targets. Of note, the ATO currently recovers ...

Jones releases Your Future, Your Super review outcomes

KARREN VERGARA  |  TUESDAY, 4 APR 2023
The federal government has released the outcomes of its review into the Your Future, Your Super laws, flagging among many findings, that it will "fine-tune" the performance test and extend the performance period to 10 years. Starting with the highly ...

Iress error impacts ESSSuper members

ANDREW MCKEAN  |  MONDAY, 3 APR 2023
... administrator, Iress, that impacted 9% of its defined benefit members. Due to Iress' incorrect contribution reporting to the ATO for the 2021-2022 financial year, approximately 9% of ESSSuper defined benefit members received Excess Contribution Notices ...

ATO names second commissioner

KARREN VERGARA  |  MONDAY, 1 NOV 2021
... serving as acting second commissioner and has been made permanent in the role, effective immediately. Fish has been with the ATO for seven years, joining as deputy tax counsel before moving up the ranks to become chief tax counsel, and head of the Tax ...

ATO quizzed on readiness for stapling

KANIKA SOOD  |  FRIDAY, 9 APR 2021
... 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". The implementation of the stapling reforms is proposed to be split into ...

Public servants caught in SG bungle

KARREN VERGARA  |  THURSDAY, 29 OCT 2020
... significant progress in rectifying the situation by way of upgrading its payroll system, and lodging SG statements with the ATO for the majority of current and former employees owed super.

ATO warns against SMSF property development

ELIZA BAVIN  |  WEDNESDAY, 10 JUN 2020
... strongly encourages SMSF trustees who may be considering property development to seek professional advice and to approach the ATO for advice if necessary. The ATO said that while there are no specific prohibitions preventing an SMSF investing in property ...
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