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AUSTRALIAN TAXATION OFFICE

Superannuation

A draft ruling released by the Australian Taxation Office (ATO) has highlighted the importance of having appropriate documentation in place to ensure a pension is reversi...

Superannuation

Industry bodies have taken issue with the exposure draft regulations for rollovers and contributions in submissions to Treasury that take aim at the three-day performance...

Superannuation

Although recent data show a significant drop in concessional contribution cap breaches, MLC has warned those numbers could spike again once the second halving of the caps...

Superannuation

Institute of Chartered Accountants superannuation specialist Liz Westover has pointed to new regulations having been finalised requiring SMSF trustees to report fund asse...

Superannuation

SISFA has warned the Federal Government that the country's almost one million SMSF trustees will use their collective voting power to object to further regulatory burden....

Superannuation

MLC senior technical consultant Mike Mitchell outlines some of the challenges faced by SMSFs wishing to make anti-detriment payments....

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

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

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

Superannuation

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

Superannuation

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

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

Policy & Regulation

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

Cavendish Super's head of technical services Tim Miller has warned self-managed super fund trustees to ensure they meet the pension standards on time to avoid unwinding a...

Superannuation

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

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