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ATO
Superannuation
While over 4.4 million initial and repeat early release of superannuation applications have been paid, there was one fund that did not pay any of their applications, acco...
Superannuation
The Bank of Queensland has been forced to use the Government’s superannuation guarantee payment amnesty after picking up on errors that appear to go back a decade. ...
Superannuation
The Taxation Ombudsman has warned that changes to the allowable number of members of self-managed superannuation funds could impact the level of revenue collected by the ...
Features and Analysis
Superannuation should be placed under an independent authority such as the Reserve Bank rather have it subjected to political game-playing, according to a roundtable of s...
Superannuation
Superannuation should be placed under an independent authority such as the Reserve Bank rather have it subjected to political game-playing, according to a roundtable of s...
Superannuation
Retirees who took more than the reduced minimum amount as a pension before the change became law can only treat payments made after 24 March, 2020, as lump sum commutatio...
Superannuation
As the deadline for the superannuation guarantee amnesty approaches, the ATO will begin sending out notices to employers to remind them of the deadline and the implicatio...
Superannuation
Superannuation funds may not necessarily be held responsible for making good the losses caused by fraud around the Government’s hardship superannuation early release regi...
Superannuation
The ability for trustees to transfer amounts to the tax office when in a member’s best interest will improve superannuation fund administration flexibility, lead to more ...
Superannuation
Assets unrelated to the property of a deceased estate injected to a trust will be caught by the new provision, according to Supercentral. ...
SMSF
The tax office has found eight issues when reviewing the performance of self-managed super fund auditors of which one was a lack of superannuation law knowledge. ...
Post retirement
A senior actuary has canvassed the Government compelling superannuation funds to offer longevity products on the basis as insurance inside superannuation....
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 ...