australian taxation office

Financial planning

Super fund telephone consultant gave wrong personal advice

Superannuation funds have been placed on notice about the dangers of their telephone consultants drifting into their area of specific personal advice, with a fund ordered...

Policy & Regulation

Tax agents banned following consumer complaints

Two registered tax agents, QTR Accountants and Nicoh Group, have had their registrations terminated following 19 consumer complaints about their conduct....

Policy & Regulation

90% negative on franking credits impact

Nearly 90 per cent of investors responding to a survey believe the Federal Opposition’s proposed removal of refundable franking credits will reduce their quality of life....

Superannuation

Gov to improve courts’ visibility of super assets

A new information-sharing initiative announced as part of the Women’s Economic Security Package will improve the Family Court’s visibility of the superannuation assets of...

Superannuation

New pension rules raise adviser workload: SMSF Alliance

New pension rules, combined with the ATO’s revised treatment of some existing practices surrounding exempt current pension income, have increased the workload of administ...

Superannuation

AIST lauds move to ensure member insurance not lost

The AIST has welcomed an announcement from the Federal Opposition that it will move to amend key measures in the insurance in superannuation package now before Parliament...

Policy & Regulation

TPB signals focus on professional standards

The Tax Practitioners Board has revealed it currently has around 400 current investigations into tax practitioners, as the Federal Court upholds its decision to ban a for...

Superannuation

Commercial lender rails against possible LRBA ban

Commercial property lender Thinktank has urged regulators and the Government not to ban the use of limited recourse borrowing arrangements within SMSFs....

Superannuation

ASFA urges Govt to expand work test exemption

ASFA is encouraging the Government to consider expanding access to the exemption from the contributions work test to individuals with a total superannuation balance under...

Accounting

IPA says trusting ATO with safeguards isn’t enough

The Institute of Public Accountants has called on the Government to legislate important safeguards in the proposed tax debt transparency regime to protect small businesse...

Policy & Regulation

Government cracks down on employer super obligations

The Government has introduced more draft laws aimed at reforming superannuation, this time focusing on ensuring employers meet their superannuation obligations to employe...

Editorial

Alternative facts and the super changes

Peter Bobbin points to the ‘alternative facts’ being peddled by the Australian Taxation Office with respect to the 2016 Federal Budget changes to superannuation....