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AUSTRALIAN TAXATION OFFICE

Financial planning

SPAA has warned the jump in ECT breaches may only get worse when the concessional contribution cap for those aged 50 and over, with a superannuation balance over $500,000...

Financial planning

The Government is under pressure to put in place a better fix as ECT breaches continue to rise....

Superannuation

In situations where a SMSF enters into a contract with a related party, care needs to be taken to avoid potential breaches of the law. Peter Burgess explains....

Superannuation

Concessional contribution cap breaches have increased around three-fold in the past three years, according to specialist SMSF company Canvendish Superannuation....

Superannuation

Questions raised about whether the Government is using ECT breaches to help move out of deficit....

Superannuation

The ATO's view on SMSF property development leaves room for members to be caught out by the sole purpose test, said Peter Hogan MLC Technical....

Editorial

There is considerable asset allocation bias with SMSF trustees. This is likely to lead to disappointing performance at best, and widespread disasters at worst, according ...

Superannuation

David Court outlines some common queries that arise out of the new rules for investment in personal use assets....

Superannuation

An increasing number of people travel to Australia as non-residents, accumulating some savings in the Australian superannuation system. Daniel Butler and Tina Conitsiotis...

Superannuation

SMSF specialist Cavendish Superannuation has claimed vindication from a recent ATO ruling which it says confirms its analysis around concessional contribution arrangement...

Financial planning

The ATO should be able to exercise discretion when concessional caps are breached due to poor financial advice, says AIST chief executive Fiona Reynolds....

Financial planning

The Tax Commissioner has revealed the degree to which Australian authorities have reduced the flow of funds to havens such as Vanuatu, Liechtenstein and Switzerland....

Financial planning

Almost 1200 people were prosecuted and convicted for tax and superannuation offences last year, according to figures released by the ATO....

Superannuation

Related party transactions continue to represent a challenging issue for SMSF trustees....

Superannuation

The ICAA argues that the ATO could help better identify those conducting SMSF audits....

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