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AUSTRALIAN TAXATION OFFICE
Policy & Regulation
Federal Treasurer Peter Costello has defended a decision by the Australian Taxation Office last week to end existing up-front tax deductions for investments in non-timbe...
Financial planning
The Federal Government will stop tax breaks on non-forestry managed investment schemes from July 1 this year....
Financial planning
Financial planners and property investors will need to pay closer attention to the Federal Government’s Capital Gains Tax regime, with an Australian National Audit Office...
Financial planning
The introduction of the Tax Law Amendments (Simplified Superannuation) Bill into Parliament has drawn mixed reactions from the financial services industry....
Financial planning
Court enforceable undertakings, the regulators’ disqualification regime and co-operation between APRA and professional industry bodies are among the enforcement and other...
Superannuation
The ATO has signalled that it will be lifting the level of compliance activity surrounding SMSFs by increasing the number of people working in its compliance area by 350....
Superannuation
The Federal Government is moving to ensure that SMSFs can continue to invest in instalment warrants despite an adverse regulatory interpretation by both the ATO and APRA....
Financial planning
MLC has called for the super fund sole purpose test to be amended to allow members to pay for financial advice from their super fund....
Superannuation
ING and self-managed super fund service provider Super Concepts have introduced a new instrument called One2super to help financial advisers provide better services to th...
Financial planning
After an extensive consultation period with industry bodies and other stakeholders, the Government has announced the final version of its Plan to Simplify and Streamline ...
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MARKET INSIGHTS
Podcast
So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...