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ATO
Superannuation
The Commissioner of Taxation, Chris Jordan, has revealed that SMSFs are not the sole repository of very large account balances....
SMSF
Newly established SMSFs are shunning corporate trustees, ATO data reveals....
Superannuation
Employers are saying SuperStream has reduced time spent on super by 70 per cent, and it could collectively save up to $50 million per year, according to the ATO....
Superannuation
Super funds need to cooperate with the ATO on superannuation guarantee non-compliance which has grown to be a $2.5 billion problem....
Superannuation
The Australian Taxation Office has reached out to small businesses it believes are struggling with SuperStream implementation....
Superannuation
With legislation changing the ‘lost super’ threshold, casual and seasonal workers are in particular at risk of their funds being transferred to the ATO, according to AIST...
Superannuation
The ATO’s extended SuperStream deadline is approaching and it warns employers may be penalised if non-compliant by 31 October....
SMSF
The ATO has revealed the degree to which it has exercised its powers on SMSFs, including 44 wind-ups and 662 trustee disqualifications....
Insurance
The ATO has expressed surprise at the number of SMSFs offering transition to retirement pensions without the right paperwork in place....
SMSF
The ATO has issued an Interpretive Decision which has raised serious questions about the use of SMSFs with respect to business succession planning....
Superannuation
The Affiliation of Superannuation Practitioners (ASP) has agreed to take the electronic rollover system it piloted last year to the next level as a web-based system....
Superannuation
The Australian Institute of Superannuation Trustees has urged the Government to maintain the concessional superannuation contributions cap regime it has promised for over...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...