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

Search Results

Showing 1 - 10 of 22 results for %22SG Amnesty%22

Advisers put on notice: HLB Mann Judd

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... against criminal offences. "The ATO has significantly more information-gathering powers than it did during the time of the amnesty, increasing its level of resourcing and entering into tax information exchange treaties with other jurisdictions," said ...

SMSFA calls for budget amendments

CASSANDRA BALDINI  |  WEDNESDAY, 7 SEP 2022
... highlighted several key measures that remain outstanding and are "significant" for the SMSF sector. "They relate to the two-year amnesty for legacy pensions conversions and the removal of the active member test and the extension of the temporary absence ...

SMSF client education a concern: Report

JAMIE WILLIAMSON  |  MONDAY, 27 JUN 2022
... These measures include the reduction to the downsizer contributions age limit, work test exemption, and legacy pension amnesty. "It's encouraging to see SMSF advisers are positive about the outlook of business outcomes, despite the impending regulatory ...

Super funds slam budget's super gap measures

KANIKA SOOD  |  WEDNESDAY, 12 MAY 2021
... contributions for 67 to 74 year-olds, lowering the downsizer contribution age limit to 60 from 65, providing a two-year amnesty for exiting legacy retirement products, relaxing residency requirements for SMSFs and small APRA-regulated super funds. However ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... transfer into newer, more flexible products without penalty under a new measure. The government is introducing a two-year amnesty for individuals in market-linked, life-expectancy, lifetime pension and annuity products from any provider which were commenced ...

Amnesty unearths $588m unpaid super

KARREN VERGARA  |  MONDAY, 21 SEP 2020
... Over half a billion dollars of unpaid superannuation has been reunited with workers, as employers take advantage of the amnesty period to "wipe the slate clean". About 24,000 employers have admitted to underpaying staff approximately $588 million in ...

Westpac scraps SG direct debits

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 21 SEP 2020
... compare what employers promise to pay and what they actually pay to their employees' super funds." But with the SG amnesty ending on September 7, eliminating the direct debit option can further aggravate the unpaid super problem. Dean Martin, chief ...

Industry fund underpaid SG to staff

KANIKA SOOD  |  TUESDAY, 1 SEP 2020
There's an unlikely user of the government's current amnesty for employers who underpaid SG - a Sydney superannuation fund, which is currently reimbursing shortfalls to staff. Australian Catholic Superannuation and Retirement Fund underpaid ...

SG amnesty deadline nears

ALLY SELBY  |  THURSDAY, 6 AUG 2020
The ATO this week has put Australian businesses on notice, as the amnesty allowing employers to disclose and reimburse previously unpaid superannuation - dating back to 1 July 1992 - fast approaches its closing date. To take up the amnesty, employers ...

Sovereign fund withdraws bid for Newcastle United

ANNABELLE DICKSON  |  FRIDAY, 31 JUL 2020
... of global uncertainty and significant challenges for the fans and the club." The deal previously came under scrutiny by Amnesty International alleging Saudi Arabia's PIF, backed by crown price Mohammed bin Salman, was "sportswashing" its abysmal human ...
PAGE:
1
PREVIOUS
NEXT