australian taxation office

Editorial

Mike Taylor writes that as a former ASIC executive, ASFA chief executive Pauline Vamos has managed to spice up the submissions to the Senate Committee reviewing ASIC’s op...

Superannuation

ASIC wants better disclosure on SMSF establishment

ASIC wants people to be better informed about the implications of establishing an SMSF before it occurs. ...

Policy & Regulation

ATO confirms review of 11,000 SMSFs

ATO confirms to IPA conference that it intends reviewing around 11,000 SMSFs....

Superannuation

ASIC denies prescriptive disclosure for SMSFs

ASIC wants investors to be better informed before establishing SMSFs but denies it will pursue prescriptive new disclosure requirements....

Financial planning

Sinodinos outlines Govt FOFA objectives

Sinodinos confirms Government’s intentions and timetable on FOFA changes along with moratorium on major change during Financial Systems Review....

Policy & Regulation

IPA warns on ATO technology

The Institute of Public Accountants warns the ATO must get its technology right before moving to ‘push’ tax returns....

Superannuation

ASIC must deter SMSF property spruikers

There is clearly regulatory concern about the activities of property spruikers as they seek to target SMSFs and, as Mike Taylor writes, a clear message needs to be sent. ...

Superannuation

ICAA gives conditional support to 'push' tax returns

The Institute of Chartered Accountants has given qualified support to moves by the ATO to implement so-called 'push' or 'pre-filled' tax returns for people with relativel...

Policy & Regulation

ATO signals ‘push’ tax returns

The ATO flags kicking off the implementation of ‘push’ tax returns in 2014....

Superannuation

Care needed on superannuation borrowing

DB Lawyers' Bryce Figot warns SMSF trustees to get their own private binding rulings from the ATO. ...

Editorial

Philanthropy and financial planning – a gift that keeps on giving

Although many people’s approach philanthropy is to leave a bequest in their will to a favourite charity, Tabitha Lovett argues that giving while living is a much more rew...

Editorial

How big should ‘son of Wallis’ grow?

The Federal Treasurer, Joe Hockey, has signalled a “son of Wallis” review of the Australian financial system and, as Mike Taylor writes, the industry is already starting ...