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Showing 1 - 10 of 59 results for "Tax File Number"

Super fund blunder likely down to bad data: Podcast

CASSANDRA BALDINI  |  THURSDAY, 18 MAY 2023
Holding Redlich partner Luke Hooper says when it comes to AustralianSuper's recent intra-fund consolidation breach, it's likely the root cause lays in data entry. The recent case of AustralianSuper refunding 100,000 members it had held multiple ...

Blame put on businesses for JobKeeper error

ELIZA BAVIN  |  MONDAY, 25 MAY 2020
... every eligible employee. "This declaration does not involve estimates and requires an employer to provide the tax file number for each eligible employee," the letter said. "By contrast, the only use of the information collected in respect of the reporting ...

FSC, super sector steps up for bushfire affected

HARRISON WORLEY  |  WEDNESDAY, 8 JAN 2020
... details of individuals covered by group policies. The FSC is urging those unaware of their super fund to use their tax file number to locate any lost super using the ATO's unclaimed super registers page. The FSC has also asked affected Australians ...

FSC hails super choice amendments

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
The Financial Services Council has praised the government for introducing amendments to superannuation laws. The introduction to parliament of amendments to superannuation laws to allow workers in new enterprise agreements to choose their own superannuation ...

Intrust launches micro-saving app

KARREN VERGARA  |  TUESDAY, 11 JUN 2019
... friction point for members, who previously had to fill in a voluntary contribution form that included member details, tax file number, and BPAY reference number, before mailing it to the fund. A survey conducted by the fund showed that about one-third ...

Super funds excel in reporting obligation

KARREN VERGARA  |  TUESDAY, 16 OCT 2018
Nearly all large superannuation funds are fulfilling reporting obligations to a "high standard," the ATO's latest diagnostic reports show. In its fourth year running, the 2017 Risk Differentiation Framework (RDF) report found APRA-regulated funds successfully ...

Financial services data breaches recorded

HARRISON WORLEY  |  FRIDAY, 13 APR 2018
The Australian finance sector was responsible for 13% of notifiable data breaches reported to the Office of the Australian Information Commissioner in the first quarter of 2018. The OAIC Quarterly Statistics report outlined the top five industry sectors ...

PwC urges super trustees to fast-track GDPR compliance

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
... all personal information collected including membership information, identity characteristics, contact details, tax file number, salary, insurance, employer and beneficiaries. To be GDPR compliant, PwC noted trustees must update existing privacy notices ...

Untouched super sits at $18 billion: ATO

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
Some of Sydney's blue-chip suburbs are among the top postcodes missing out on $18 billion in unclaimed superannuation. Latest figures from the Australian Taxation Office show more than 6.3 million lost and ATO-held super accounts, with $14.12 billion ...

Education key in combatting elder financial abuse

JAMIE WILLIAMSON  |  TUESDAY, 6 JUN 2017
Financial advice practices will be able to equip staff with greater knowledge and understanding around identifying and preventing elder financial abuse through a selection of new education and training materials. Protecting Seniors Wealth has launched ...
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