ATO

Superannuation

Despite current concerns over SMSF administration, only around 2 per cent of funds have a compliance issue, meaning there is no need for additional regulations, according...

Superannuation

Breaches of the non-concessional contribution cap and the ATO

SPAA's technical director Peter Burgess explains how a recent decision by the Australian Taxation Office (ATO) affects breaches of non-concessional contribution cap....

Superannuation

ATO warning on SMSF lodgements

The Australian Taxation Office (ATO) has flagged plans to take a close look at self-managed super funds (SMSFs) that fail to lodge their annual returns....

Superannuation

SMSFs should be included in trans-Tasman transfers

Australian SMSFs should be able to receive superannuation transfers from New Zealand, according to the SMSF Professionals' Association of Australia (SPAA)....

Superannuation

ASFA raises doubts about ATO's online rollover portal

Association of Superannuation Funds of Australia questions ability of ATO to deliver an online portal capable of dealing with complex rollovers....

Superannuation

FATCA may cause legal strife for super funds

Financial institutions could breach Australia's Privacy Act when complying with the US's proposed Foreign Account Tax Compliance Act (FATCA), the Association of Superannu...

Superannuation

Don't exclude SMSFs from trans-Tasman super

SPAA urges Govt not to exclude SMSFs from proposed trans-Tasman super regime....

Policy & Regulation

ATO flags carbon emissions tax fraud scheme

Possible tax evasion schemes involving tax deductions through the purchase of offshore 'emission units' that do not actually exist have been flagged by the Australian Tax...

Superannuation

ATO backs SPAA assessment

The ATO has backed a SPAA assessment that illegal early release schemes involving SMSFs are declining....

Superannuation

SMSF regulatory round-up

Holley Nethercote’s David Court outlines the ATO's 2012-13 SMSF compliance focus and regulatory developments in areas such as insurance and asset valuations....

Superannuation

SPAA defends ATO as SMSF regulator

The Australian Taxation Office is the right regulatory body to oversee the SMSF sector, according to SMSF Professionals’ Association of Australia chief executive Andrea S...

Superannuation

ATO appears to change stance on SMSF contributions

Heffron senior technical adviser Mark Wilkinson has pointed to a number of recent developments that signal a "gentle shift to one of more reasonableness" in regards to SM...

Superannuation

Is it time SMSF trustees reconsidered their cash holdings?

The decision of most investors to hoard cash for the past few years was no surprise, but as Damon Taylor reports, the SMSF investment story might be starting to change....

Superannuation

ATO casts doubt on SMSF figures

Australian Taxation Office assistant commissioner for superannuation Stuart Forsyth has cast doubt on reports that there are 478,000 self-managed super funds operating in...

Superannuation

Super tax breaks for SMSF pension streams

SMSF pensioners can get tax breaks on superannuation income streams despite across-the-board limitations for super members, according to Cavendish Super head of technical...