Reform of the tax system for managed investment trusts (MITs) announced on Friday will simplify the administration of managed funds, according to Federal Assistant Treasu...

Holding large value illiquid assets in a SMSF could prove problematic when a trust member dies. Deborah Wixted explains the obligations and options trustees and their fin...

While the Federal Government's response to the Henry Review of Taxation has drawn a mixed reaction from the financial services industry, one thing stakeholders mostly agr...

Queensland man subject to charges after raising nearly $8 million from investors without holding an AFSL, and generating no documentation or returns....

Paul Sarkis explains the implications that a recent tax ruling will have for clients who want to claim personal super contributions as a tax deduction....

The Government has used its response to the Henry Review of taxation to wind back some of the super contributions cap measures announced in the last Budget....

The financial services industry has given the Federal Government’s response to the Henry Review of Taxation a mixed welcome, with most welcoming the proposed changes to s...

The findings of a new Deloitte survey run counter to the recommendations expected in the Henry Review....

Investments in collectables and personal-use assets will be banned, stricter rules around in-house assets will be introduced and there will be firmer regulation of SMSFs ...

The Board of Taxation will undertake a review of Australia’s tax laws to ensure that they do not inhibit the expansion of Islamic finance, banking and insurance products....

Accountants may seek compensation from the ATO as a result of damage to their reputation and bottom lines following problems flowing from the ATO's switch to a new IT sys...

Mary Ferizis outlines the key legislative changes regarding margin lending, and the impact the changes will have on financial advice....

The Australian Taxation Office is requisitioning bank records to enable data matching as part of a crackdown on tax havens....

The ATO's crackdown on the cash economy has succeeded in extracting an extra $127 million and identifying businesses under stress....