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....
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...