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AUSTRALIAN TAXATION OFFICE

Financial planning

Those avoiding paying tax through offshore trust structures may be subject to penalties if they do not disclose these activities to the Australian Taxation Office....

Superannuation

A desire for greater control over their investments is the main reason cited for establishing a self-managed superannuation fund (SMSF), although there is still a demand ...

Policy & Regulation

The Australian Taxation Office (ATO) has warned that arrangements to artificially create upfront deductions for employment costs may break tax laws....

Financial planning

The new Shadow Minister for Consumer Affairs, Financial Services, Superannuation and Corporate Law is Luke Hartsuyker, who has replaced Chris Pearce....

Financial planning

The number of people who will have exceeded their superannuation contributions cap in the 2009-10 financial year is likely to increase as the concessional contributions c...

Superannuation

In an attempt to allay fears and confusion about the self-managed superannuation fund (SMSF) in-house asset rules, Heffron has approached the Australian Taxation Office (...

Superannuation

Fraud affects all super funds, not just SMSFs: Sharyn Long....

Life/Risk

The Tax Office has issued an alert about life insurance bonds issued from tax havens to Australian residents that are aimed at circumventing tax payable under foreign inv...

Financial planning

Australia’s prudential regulator may be costing more, but it argues it is becoming more efficient....

Financial planning

The tax office has signalled that the use of promissory notes in SMSFs will come under greater scrutiny, writes Bryan Ashenden....

Superannuation

The financial services industry has been called upon to step up to its social obligations when dealing with trustees of self-managed superannuation funds....

Financial planning

Many financial planning firm owners could be forced to pay large amounts of extra income tax if the ATO goes ahead with proposed changes to the treatment of certain tax s...

Financial planning

Storm Financial co-founders Emmanuel and Julie Cassimatis seemed to be suffering from a bout of absent mindedness in the final days of hearings into the company's collaps...

Financial planning

Despite comprising less than two per cent of retail funds, structured products have received more than their fair share of criticism over the past year. Vince Scully disc...

Financial planning

Australia's two major superannuation industry organisations support concept of a single legislative base for superannuation....

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