ATO

Policy & Regulation

Multinationals are being warned to think twice before shipping their Australian earnings offshore to minimise their tax liabilities....

Tools & guides

SMSF guidelines on related party borrowings

Catherine Chivers runs through the ATO's new guidelines which seek to clarify safe harbour terms for an SMSF when they structure their LRBAs to comply with arm's length d...

Financial planning

APRA should regulate SMSFs say industry funds

Industry fund trustees and executives believe SMSFs are not being appropriately regulated by the ATO and should fall under the watch of APRA....

Funds management

ATO to adopt more stringent approach to MITs

Fund managers need to brace themselves for the ATO’s new tough approach if they choose not to enter the new tax regime for MITs....

Superannuation

Govt urged to upgrade status of unpaid SG entitlements

The Federal Government is being urged to upgrade the status of unpaid superannuation guarantee entitlements and include them in the Fair Entitlements Guarantee regime....

Superannuation

ATO concerned about $200 SMSF audits

Taxation Commissioner, Chris Jordan, has raised a red flag with respect to related party transactions and $200 audits....

Financial planning

Beware of unintended negative gearing consequences

Tax agency warns of almost inevitable unintended consequences flowing from changes to negative gearing regime....

Features

Laying down the law – legislation in limbo: SMSFs

Malavika Santhebennur looks at what legislative changes the SMSF sector can expect in 2016 and what remains in limbo in part two of this feature on SMSFs....

Policy & Regulation

Contraventions of super laws see disqualified tax agent’s registration rejected

An Administrative Appeal Tribunal has rejected a former tax agent’s case against the Tax Practitioners’ Board for not renewing her registration....

Superannuation

SMSFs surpass 1 million member mark

Membership of SMSFs has topped the one million mark, with the average fund holding more than $1 million, ATO data reveals....

Policy & Regulation

ATO targets adviser firms on offshore tax evasion

The ATO confirms it has visited seven adviser firms and has obtained more than 5,000 client names from wealth management firms....

Policy & Regulation

ATO ready for ‘digital by default’ initiative

The ATO has announced its intention to take a broader digital approach to its services....

Policy & Regulation

ATO targets private company partnerships

The ATO is reviewing private company partnerships that enable individuals to access business profits without paying ‘top-up’ income tax at their marginal rates of tax....