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ATO
Superannuation
The ATO has warned SMSF trustees about inappropriate use of home loan unit trusts and the risks entailed in attending overseas SMSF conferences....
Superannuation
Both ASIC and the ATO have signalled they are scrutinising the legitimacy of SMSF seminars...
Funds management
More wealthy Australians are showing philanthropy, with many establishing record numbers of private ancillary funds since the GFC....
Policy & Regulation
Taxation Inspector-General’s report points to tax officers having insufficient ability to link evidence with appropriate penalties....
Superannuation
The Australian Taxation Office has issued a reminder that employers need to increase the compulsory minimum superannuation payments on behalf of employees from July 1....
Superannuation
Self-managed superannuation funds (SMSF) are beginning to appeal to a much younger demographic, Australian Tax Office (ATO) data shows. ...
Funds management
Australians with undeclared offshore investments are being urged to take advantage of a once-off chance to avoid hefty fines, and a possible jail sentence, by disclosing ...
Policy & Regulation
High wealth individuals are using complex business arrangements and trusts to minimise their tax liabilities, an Australian National Audit Office report reveals....
Superannuation
SMSF trustees are being urged to ensure limited recourse borrowing arrangements related party loans are proved on commercial terms to avoid substantial tax bills. ...
Superannuation
The Australian Tax Office’s (ATO) new penalty regime could see up to 50 per cent of self-managed super fund (SMSF) trustees fined for violations of their duties, an accou...
Superannuation
Super sector given enough time to comply with SuperStream standards with delays penalising compliant providers...
Financial planning
The financial services industry will pay $30 million less to be regulated after the Federal Government released details of the levies that it will be charged to fund the ...
Superannuation
ATO will begin action against SMSFs yet to lodge returns and cancel inactive funds...
Superannuation
The Federal Government has provided superannaution funds with extra time to implement SuperStream standards....
Superannuation
The ATO has confirmed the television advertising campaign launched to support Labor’s superannuation changes cost $16.56 million before it was terminated by the Abbott Go...
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Podcast
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...