Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 8 of 8 results for "ECT"

Agricultural sector in for a mixed 2024: Outlook

JAMIE WILLIAMSON  |  WEDNESDAY, 13 DEC 2023
It seems the challenges faced by the agricultural sector this year are likely to continue into 2024 as farmers grapple economic headwinds and lower commodity prices, however the second half is tipped to prove more fruitful. Trade conditions have improved ...

ECT reforms pass Senate

STAFF WRITER  |  THURSDAY, 5 MAR 2015
The Parliament has passed the latest amendments to the superannuation excess contribution tax (ECT), implementing the final piece of legislation to reform the unpopular tax, says Taxpayers Australia Limited. "The rationale for ECT made sense at the ...

SMSFs lose majority of cases against ATO

JAMES FERNYHOUGH  |  WEDNESDAY, 24 JUL 2013
... Conference in Sydney yesterday, Hughes said that of the 32 cases he looked at - largely involving excess contributions tax (ECT) and non-compliance - the ATO won 28 of them and the taxpayer won just four. "It's pretty clear that the weight is very much ...

Market Wrap AM

AAP  |  MONDAY, 15 JUL 2013
The Australian market looks set to open higher after Wall Street edged higher to new highs following strong banking earnings that offset a profit warning from UPS and fresh trouble for Boeing's Dreamliner aircraft. At 0820 AEST on Monday, the September ...

ECT relief should apply to non-concessional contributions: SPAA

JAMES FERNYHOUGH  |  MONDAY, 1 JUL 2013
Amendments to the excess contributions tax (ECT) should be extended to include non-concessional contributions, according to SMSF Professionals' Association of Australia (SPAA) chief executive Andrea Slattery. Amendments to the Fairer Taxation of Excess ...

ECT assessments down 38%

ALEX DUNNIN  |  MONDAY, 15 OCT 2012
The number of excess contribution tax (ECT) assessments fell 38%, according preliminary data from the ATO. In 2009-10, the number of ECT assessments peaked at 49,786, but in 2010-11 this number had dropped to 31,217, the ATO reported. This fall in ECT ...

ECT assessments spike on government cap decision

MELANIE TIMBRELL  |  MONDAY, 2 APR 2012
The number of Excess Contributions Tax notices issued in the 2009-10 financial year has spiked by almost 296%, according the latest statistical update from the ATO. The sharp incline from 15, 315 assessments issued in 2008-09 to 45,330 in 2009-10 is ...

Super industry responds to MYEFO

ELISE BURGESS  |  WEDNESDAY, 30 NOV 2011
... "As it will impede individuals' ability to voluntarily save for retirement, potentially worsen the excess contributions tax (ECT) problem and may even reduce confidence in superannuation as a savings vehicle." Meanwhile the Small Independent Superannuation ...
PAGE:
1