AUSTRALIAN TAXATION OFFICE

Superannuation

A draft ruling released by the Australian Taxation Office (ATO) has highlighted the importance of having appropriate documentation in place to ensure a pension is reversi...

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Superannuation

Industry bodies have taken issue with the exposure draft regulations for rollovers and contributions in submissions to Treasury that take aim at the three-day performance...

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Superannuation

Although recent data show a significant drop in concessional contribution cap breaches, MLC has warned those numbers could spike again once the second halving of the caps...

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Superannuation

Institute of Chartered Accountants superannuation specialist Liz Westover has pointed to new regulations having been finalised requiring SMSF trustees to report fund asse...

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Superannuation

SISFA has warned the Federal Government that the country's almost one million SMSF trustees will use their collective voting power to object to further regulatory burden....

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Superannuation

MLC senior technical consultant Mike Mitchell outlines some of the challenges faced by SMSFs wishing to make anti-detriment payments....

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Superannuation

Despite current concerns over SMSF administration, only around 2 per cent of funds have a compliance issue, meaning there is no need for additional regulations, according...

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Superannuation

The Australian Taxation Office (ATO) has flagged plans to take a close look at self-managed super funds (SMSFs) that fail to lodge their annual returns....

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Superannuation

Australian SMSFs should be able to receive superannuation transfers from New Zealand, according to the SMSF Professionals' Association of Australia (SPAA)....

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Superannuation

Association of Superannuation Funds of Australia questions ability of ATO to deliver an online portal capable of dealing with complex rollovers....

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Superannuation

Financial institutions could breach Australia's Privacy Act when complying with the US's proposed Foreign Account Tax Compliance Act (FATCA), the Association of Superannu...

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Superannuation

SPAA urges Govt not to exclude SMSFs from proposed trans-Tasman super regime....

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Policy & Regulation

Possible tax evasion schemes involving tax deductions through the purchase of offshore 'emission units' that do not actually exist have been flagged by the Australian Tax...

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Superannuation

Cavendish Super's head of technical services Tim Miller has warned self-managed super fund trustees to ensure they meet the pension standards on time to avoid unwinding a...

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Superannuation

The ATO has backed a SPAA assessment that illegal early release schemes involving SMSFs are declining....

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