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Australian Taxation Office
Superannuation
The ability to add two extra members to self-managed super funds has been utilised by less than 1% of funds, according to data from the Australian Taxation Office....
Superannuation
The introduction of contribution caps to the self-managed superannuation space means the industry is unlikely to see growth in ‘mega-fund’ accounts....
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. ...
People and Products
The wealth management software company has delivered its early superannuation release capability ahead of time to handle an expected high volume of requests. ...
Financial advice
Speedy handling of early release superannuation payments will mean that the super funds won’t be able to implement the usual fraud controls, according to the Australian P...
SMSF
SMSF members will not have action taken against them by the Australian Taxation Office for reducing real property rent for tenants who have been financially impacted by C...
Superannuation
Hostplus has said it had ample liquidity available to support members undergoing financial hardship due to COVID-19 but warned it would substantially reduce member’s fina...
Superannuation
Data from the Australian Tax Office showed it had consolidated over $4.4 billion in active, lost and unclaimed super accounts last year. ...
Superannuation
The ATO is looking to audit funds that are invested in a single asset class and will slap a penalty on them if the investment strategy does not meet retirement objectives...
Superannuation
The Australian Taxation Office has warned compensation payments from superannuation funds in the fallout of the Banking Royal Commission could have both tax and super imp...
Superannuation
Almost one million working Australians aren’t receiving superannuation and the often-cited cause of self-employment isn’t the only driver, with 43 per cent of these emplo...
Superannuation
The Administrative Appeals Tribunal has upheld a decision to refuse Superannuation Warehouse’s application for a limited Australian financial services licence, after its ...
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 ...