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Showing 1 - 10 of 6203 results for "tax"

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... "Today's decision aligns with our expectations, with inflation forecasts adjusted upwards, likely considering upcoming tax cuts and budgetary changes. "We do not see this as hawkish. As we have said before, the RBA seeks better balance of risks between ...

ATO introduces trust taxation changes

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
The Australian Taxation Office (ATO) has announced income tax reporting changes under the Modernisation of Trust Administration Systems (MTAS) that will come into effect on July 1. For beneficiaries of a trust, there will be a new trust income schedule ...

Stockspot plots entry into superannuation space

JAMIE WILLIAMSON  |  TUESDAY, 7 MAY 2024
... outperformance at least 99% of similar funds. With its product, Stockspot said prospective members can "enjoy the transparency and tax efficiency of owning a personalised portfolio of ETFs within your super without the complexity of creating an SMSF." ...

HESTA names chief financial officer

ELIZABETH FRY  |  TUESDAY, 7 MAY 2024
... quit to take up a wider operational role at rival Aware Super. As chief financial officer, she will manage the financial, tax and accounting processes, legal and compliance, tax and project execution. This is her first chief financial officer position. ...

ATO flags key focus areas this tax time

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
... Taxation Office (ATO) has announced it will be taking a close look at three key areas where taxpayers make common mistakes this tax season. Incorrectly claiming work-related expenses, inflation claims for rental properties and failing to include all ...

Men, women in same occupation drive pay gap

KARREN VERGARA  |  FRIDAY, 3 MAY 2024
... be attributed to women being paid less than men within the same occupation, a new economic analysis shows. After analysing tax data, economic research organisation E61 Institute compared men and women of similar age, their employment and marital status ...

Super for housing 'economically reckless': SMC

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
The Super Members Council (SMC) has warned that encouraging young Australians to use their superannuation for a house deposit could dramatically drive-up house prices and deplete their retirement savings. "We all desperately want more Australians to ...

Treasury shakes up foreign investing framework

KARREN VERGARA  |  WEDNESDAY, 1 MAY 2024
... pose a national security concern in time," he said. Foreign investors are being warned that they will pay their fair share of tax. This means the government releasing updated guidance about tax arrangements that will attract greater scrutiny particularly ...

Platinum announces strategic review

ELIZA BAVIN  |  FRIDAY, 26 APR 2024
... open-ended fund structure allowing investors to trade at or close to net asset value," Platinum said. "There are complex legal, tax, and operational issues that need to be considered, which will take time to work through." These reviews play into a broader ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
The proposed 30% tax on large superannuation balances must clarify the confusion surrounding legacy pensions and reserves, and how they should be calculated, according to the SMSF Association (SMSFA). The SMSFA is calling for an amnesty for legacy pensions ...
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