AUSTRALIAN TAXATION OFFICE

Financial planning

SPAA has warned the jump in ECT breaches may only get worse when the concessional contribution cap for those aged 50 and over, with a superannuation balance over $500,000...

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Financial planning

The Government is under pressure to put in place a better fix as ECT breaches continue to rise....

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Superannuation

In situations where a SMSF enters into a contract with a related party, care needs to be taken to avoid potential breaches of the law. Peter Burgess explains....

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Superannuation

Concessional contribution cap breaches have increased around three-fold in the past three years, according to specialist SMSF company Canvendish Superannuation....

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Superannuation

Questions raised about whether the Government is using ECT breaches to help move out of deficit....

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Superannuation

The ATO's view on SMSF property development leaves room for members to be caught out by the sole purpose test, said Peter Hogan MLC Technical....

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Editorial

There is considerable asset allocation bias with SMSF trustees. This is likely to lead to disappointing performance at best, and widespread disasters at worst, according ...

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Superannuation

David Court outlines some common queries that arise out of the new rules for investment in personal use assets....

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Superannuation

An increasing number of people travel to Australia as non-residents, accumulating some savings in the Australian superannuation system. Daniel Butler and Tina Conitsiotis...

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Superannuation

SMSF specialist Cavendish Superannuation has claimed vindication from a recent ATO ruling which it says confirms its analysis around concessional contribution arrangement...

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Financial planning

The ATO should be able to exercise discretion when concessional caps are breached due to poor financial advice, says AIST chief executive Fiona Reynolds....

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Financial planning

The Tax Commissioner has revealed the degree to which Australian authorities have reduced the flow of funds to havens such as Vanuatu, Liechtenstein and Switzerland....

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Financial planning

Almost 1200 people were prosecuted and convicted for tax and superannuation offences last year, according to figures released by the ATO....

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Superannuation

Related party transactions continue to represent a challenging issue for SMSF trustees....

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Superannuation

The ICAA argues that the ATO could help better identify those conducting SMSF audits....

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