News : ATO

ATO

TBC indexation not for 2020

February 3, 2020

The ATO has announced indexation of the general TBC will not go ahead in July and also reminded trustees investing in property of their GST obligations.

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ATO

ATO cuts six-member fund work

January 29, 2020

Jason Spits

Two key measures introduced as part of federal budgets have been removed from the ATO’s work schedule after supporting legislation failed to enter parliament.

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ATO, Investments

Detailed investment strategy guidance coming

January 29, 2020

Jason Spits

New guidance on SMSF investment strategies will soon be released, with an expert tipping the ATO will roll out detailed assistance for trustees.

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ATO, Auditing

Audit standards need to lift

January 20, 2020

Darin Tyson-Chan

A specialist practitioner has called for improved professional standards from the auditing community, given the results of the ATO’s review of the top 100 SMSF auditors to date.

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ATO, Superannuation

ATO clarifies SG clearing house cut-off

January 14, 2020

Tharshini Ashokan

A recent ATO guideline will benefit employers using the regulator’s Small Business Superannuation Clearing House to pay super contributions.

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Administration, ATO

SMSFA wants better data access

January 13, 2020

Darin Tyson-Chan

The SMSF Association is pushing for ATO data to be made available to a greater number of practitioners.

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ATO, Superannuation

SMSFs recover after wind-up spike

December 19, 2019

Tharshini Ashokan

Growth in the SMSF sector remained strong in the September quarter, despite a dip in the net number of funds established in the previous quarter.

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ATO, Regulation

NALE not critical issue for ATO

December 18, 2019

Darin Tyson-Chan

The tax implications for SMSFs resulting from the new non-arm’s length expense provisions are not being seen by the ATO as a major concern, according to a technical expert.

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ATO, Superannuation