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Search ResultsShowing 1 - 10 of 100+ results for "Australian Tax Office"
Westpac scraps SG direct debits
KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... to comply with SG obligations has robbed workers of their retirement savings worth $3.6 billion, based on Australian Tax Office estimates from 2015. Industry Super Australia thinks this figure is closer to $6 billion . New figures from the ATO reveal ...
ERS withdrawals surpass $32bn
ELIZA BAVIN  |  MONDAY, 31 AUG 2020
... eligible members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 95% have been made within five business days. The 10 funds with the highest number of applications received ...
ERS continues super drain
ELIZA BAVIN  |  MONDAY, 3 AUG 2020
... eligible members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 95% have been made within APRA's five business day limit. Over the week to July 26, 140,000 applications ...
Repeat ERS applications hit one million
ELIZA BAVIN  |  MONDAY, 27 JUL 2020
... eligible members have taken an average of 3.3 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 98.5% have been made within five business days. AustralianSuper has paid out the most at over $4 billion, followed ...
ERS payments approach $30bn mark
ELIZA BAVIN  |  MONDAY, 20 JUL 2020
... eligible members have taken an average of 3.2 business days after receipt by funds of the application from the Australian Tax Office (ATO) and 96.2% have been made within five business days. The county's largest fund, AustralianSuper, has made the most ...
No slowing ERS applications
ELIZA BAVIN  |  TUESDAY, 9 JUN 2020
... to eligible members have taken an average of 3.3 business days after receipt of the application from the Australian Tax Office (ATO) and 95% have been made within five business days. Over the week to May 31, superannuation funds made payments to 177,000 ...
Asgard, Future Super shamed on ERS
ELIZABETH MCARTHUR  |  THURSDAY, 4 JUN 2020
... to members by super funds within five business days after the member is approved for early release by the Australian Tax Office. Labor MP Andrew Leigh expressed concern that chair of the commission Liberal MP Tim Wilson was only enquiring about conflicts ...
Funds have five days to hand over cash: APRA
ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
Once the Australian Tax Office approves a superannuation fund member to access up to $10,000 of their super early the fund will only have five days to hand over the money. As part of the government's economic stimulus package, those who have lost income ...
Super funds face penalties over early release failures
ELIZABETH MCARTHUR  |  TUESDAY, 7 APR 2020
... been impacted by whole industries shutting down in response to COVID-19 that 360,000 registered with the Australian Tax Office to access their super early in just three days. Finance Minister Mathias Cormann was asked on ABC News Breakfast whether he ...
Extraordinary stimulus provides wage subsidy
ELIZABETH MCARTHUR  |  MONDAY, 30 MAR 2020
... will begin on 1 May 2020 and be back paid until today. To be eligible businesses have to register with the Australian Tax Office and be able to prove their revenue has fallen by 30%. The payment will be available for full-time and part-time workers ...
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