Powered by MOMENTUM MEDIA
moneymanagement logo
 

AUSTRALIAN TAXATION OFFICE

Superannuation

Legislation will be introduced next year to allow trustees to voluntarily transfer any amount of inactive low balance accounts to the tax office, spelling the beginning o...

Superannuation

The tax office will not apply compliance resources regarding the sole purpose test to SMSFs invested in a DomaComa property sub-fund who happen to become a tenant....

Financial planning

The Australian Taxation Office has disputed the allegation by the ‘Your Right to Know’ coalition of media outlets which implies that the tax office can take money direct...

Financial planning

The Tax Practitioners Board has announced it will target 2,000 tax practitioners who were identified as being of the highest risk....

Superannuation

Industry Super Australia has suggested that the Australian Taxation Office delegate superannuation funds and trade unions to pursue superannuation guarantee debts from re...

SMSF

SMSFs that fail to lodge annual returns by the due date and have their compliance status changed do not have the right to appeal to the AAT as the SuperFund Lookup websit...

Policy & Regulation

The Institute of Public Accountants has put its support behind the Government’s reintroduction of the superannuation guarantee amnesty bill....

Policy & Regulation

The major financial services regulators need to be comprehensively audited to ensure they are actually delivering value for money in the work that they do reflecting the ...

Superannuation

Senator Jane Hume has announced an extension of legislation to establish a one-off amnesty for the historical underpayment of super guarantee. ...

Tools & guides

SuperConcepts’ Graeme Colley explains why self-managed super funds are likely to come under more scrutiny following recent court decisions and how trustees and their clie...

Superannuation

The ATO’s handling of punishing employers who do not pay their workers super is negligible at best, ISA believes....

Financial planning

Disability income insurance products and the way they have been designed do not work well for prolonged periods of disability or chronic conditions, according to the anal...

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...

Policy & Regulation

The ATO has revealed 90 per cent of income paid by small business is voluntary, with that same percentage using a registered tax professional....

Policy & Regulation

Double-counting may have led to the Australian Taxation Office wrongly pursuing superannuation fund members over excess transfer balance caps....

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 6 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 6 days ago

So we are now underwriting criminal scams?...

7 months ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 1 day ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks 4 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

6 days 21 hours ago