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Showing 1 - 3 of 3 results for "Shortfall Interest Charge"

NPP not suitable as the primary payment system for payday super

MATTHEW WAI  |  WEDNESDAY, 9 APR 2025
... Taxation Office (ATO) will also remove the ability to claim deductions for General Interest Charge and Shortfall Interest Charge to discourage late tax liability payments. Similarly, from 1 July 2026, alongside the introduction of payday super, the ATO ...

Major advice firm endorses first home super saver scheme

DARREN SNYDER  |  WEDNESDAY, 9 AUG 2017
... Treasury closed on Friday (4 August) and ISA argued that in guaranteeing returns through the use of the shortfall interest charge, the FHSSS would eat into compulsory superannuation savings. ISA chief economist Stephen Anthony said: "Super funds will ...

ATO closing in on undisclosed offshore income

MARK SMITH  |  MONDAY, 30 JUN 2014
The Australian Taxation Office (ATO) is mining data to track down people with undisclosed offshore income and assets. The ATO is examining information from a range of sources including: data from overseas tax authorities on Australians with offshore ...
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