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Search ResultsShowing 1 - 7 of 7 results for "New ATO"
ATO data heaps pressure on ASIC's SMSF fact sheet
HARRISON WORLEY  |  MONDAY, 22 JUN 2020
New ATO data has brought ASIC's SMSF expense fact sheet under renewed pressure. Freshly released ATO figures show the median "operating expense" of SMSFs is $3923 a year, a stark contrast from data published by ASIC last year which stipulated the ...
SMSF tool receives industry tick
HARRISON WORLEY  |  MONDAY, 9 APR 2018
The SMSF Association has welcomed the introduction of a new ATO tool designed to help SMSF trustees and advisers remain compliant with new regulations. The SMSF regulator's new bulletin ensures the SMSF sector is given timely updates on any new or emerging ...
SMSF court case highlights penalty uncertainties
LAURA MILLAN  |  WEDNESDAY, 3 DEC 2014
... considering other cases that have gone to court," he said. He added that the outcome might have been different under the new ATO penalty regime that started on July 1, 2014. In an article analysing the issue , DBA Lawyers noted that under the new rules ...
New ATO powers to decrease SMSF 'delinquency'
JAMES FERNYHOUGH  |  TUESDAY, 21 JAN 2014
Plans to increase the power of the Australian Taxation Office (ATO) to penalise self-managed superannuation funds (SMSFs) on a sliding scale will provide a more nuanced way of penalising 'delinquent trustees', according to Superannuation Australia's ...
ATO warns on structured products
MELANIE TIMBRELL  |  FRIDAY, 15 JUN 2012
... the income from the dividends, because of the derivative in place. "The arrangements are currently being dealt with by a new ATO taskforce on retail and wholesale financial products that promise tax or superannuation benefits that may not be available ...
ATO shifts gears on SMSF regos
MATT WOODINGTON  |  FRIDAY, 25 FEB 2011
Trustees will not be able to register an SMSF until there are assets in the fund under a new ATO system launched late last year. Two months ago, 30,000 SMSFs were reclassified as 'Registered - Status not determined', as part of an incentive to make ...
Agribusiness cops a caning from ATO
HAMISH MADDEN  |  THURSDAY, 8 FEB 2007
... up-front deductions for their contributions to the MIS on the basis that the investor is 'carrying on a business'." The new ATO stance effectively means that non-forestry agribusiness MIS will lose their current tax concessions. At this stage forestry ...
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