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Search ResultsShowing 1 - 10 of 100+ results for "Australian Taxation Office"
Blame put on businesses for JobKeeper error
ELIZA BAVIN  |  MONDAY, 25 MAY 2020
Treasury and the Australian Taxation Office have issued a joint statement in relation to the reporting error in the estimates of the number of employees likely to access the JobKeeper program. The enrolment forms completed by over 910,000 businesses ...
Industry flocks to JobKeeper handouts
KANIKA SOOD  |  THURSDAY, 21 MAY 2020
... services and insurance enrolled for JobKeeper payments, according to an industry-level breakdown from the Australian Taxation Office. JobKeeper enrolments crossed 835,000 businesses employing over 5.5 million workers on May 12. But the most recent industry-level ...
From fines to prosecution: The penalties are in
ELIZA BAVIN  |  THURSDAY, 21 MAY 2020
The Australian Taxation Office has provided insight as to the penalties that will apply to Australians who have accessed the Early Release of Super scheme despite not being eligible. The ATO has urged all Australians to carefully review the eligibility ...
ATO allows ERS access to New Zealanders
ELIZA BAVIN  |  WEDNESDAY, 20 MAY 2020
The Australian Taxation Office is allowing New Zealanders with KiwiSaver accounts to access the Early Release of Superannuation scheme through a loophole. In an update to its Design and Implementation document, the ATO said those with a KiwiSaver account ...
Trustee behaviour in a COVID-19 world
ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
SMSF trustee behaviour will be under scrutiny from the Australian Taxation Office and they're set to face some tough penalties if they assist in the illegal early release of super. Under the government's ERS scheme, a number of key issues face SMSF ...
No change of mind for ERS
ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
The Australian Taxation Office has said members who change their mind over the Early Release Super scheme will not be able to withdraw their applications. In an update to its Design and Implementation document the ATO outlined that only where there ...
AFP investigates ERS scams
ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... investigating a small number of scams in relation to the government's Early Release of Super scheme. The Australian Taxation Office said measures designed to protect the integrity of the early access to super scheme have detected a small number of ...
ATO to determine duplicate ERS applications
ELIZA BAVIN  |  WEDNESDAY, 29 APR 2020
The Australian Taxation Office said it will determine if a person has made a duplicate application, telling funds to follow its determination. In an update to the ATO's ERS design and implementation document, the ATO said while the application process ...
Billions withdrawn from super
ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... applications are now with the superannuation funds for their payment over the next five days," he said. The Australian Taxation Office said it had received 975,300 registrations of interest for the ERS scheme before applications officially opened on ...
Five day deadline tough but workable
ELIZABETH MCARTHUR  |  TUESDAY, 21 APR 2020
... public sector funds Jo-Anne Bloch explained that administrators will receive a bulk file from the Australian Taxation Office informing them of the members that have been approved for early release of super. That bulk file will then be uploaded to the ...
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