Super

Payday super will punish small business, says NTAA

Phase in the start date or give companies with less than $5 million turnover a waiver, urges the lobby group.

04 November 2023 • By Philip King

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Super

$3m super tax will thump thousands of SMSF members with $80k bill

More than one in eight will experience “liquidity stress” trying to meet the tax obligations, a report by Adelaide Uni...

12 October 2023 • By Keeli Cambourne

Super

APRA plans to open the books on super fund spending

Published information would include donations to unions and political parties, as well as executive remuneration.

11 October 2023 • By Philip King

Super

Treasury opens consultation on payday super measure

Two models are put forward for the reform as well as revisions to the penalties for late payment.

10 October 2023 • By Miranda Brownlee

Super

ATO steps up data-matching to snare late super payments

STP 2 and more sophisticated software enables the Tax Office to monitor payments quarter by quarter, a technical...

05 October 2023 • By Miranda Brownlee

Super

Draft law for $3 million super tax reveals exemption details

The additional tax on large balances contains provisions for child recipients, structured settlements and deceased...

04 October 2023 • By Miranda Brownlee

Super

Professional bodies reject proposed objective for super

The sole purpose test does the job, they say, and changing the law will fail to prevent bad policy decisions in the...

29 September 2023 • By Miranda Brownlee

Regulation

Accountants sweat on ‘non-stop’ wave of ATO super audits

The Tax Office’s intensified, data-led approach means that accountants have become inundated with superannuation...

27 September 2023 • By Christine Chen

Business

Cash access vital ‘to resist agenda of banks, supermarkets’

Demand for the legal tender remains undiminished and many vulnerable people rely on it, lobby group says.

20 September 2023 • By Philip King

Super

ASIC takes legal action against AustralianSuper

The regulator alleges the largest superannuation failed to address multiple member accounts.

08 September 2023 • By Keeli Cambourne

Super

Government releases draft legislation for objective of super

The government says the goal is to provide a shared understanding of superannuation and ensure it focuses on saving...

04 September 2023 • By Miranda Brownlee

Technology

How to supercharge a practice with a trio of AI benefits

Integrate artificial intelligence to handle the grunt work, inform decision making, and liberate time for other tasks.

28 July 2023 • By Damien Greathead

Super

CFS settles super fees class action for $100m

The mediation agreement will return funds to members charged ongoing fees for advice they did not receive.

14 July 2023 • By Philip King

Super

Technical expert flags EOFY planning tips for super

A technical expert highlights some of the unique planning considerations for super for the end of the 2022–23 year.

19 June 2023 • By Josh Needs

Tax

EOFY tax planning tips for super

Accountants and their clients will have some unique strategy dilemmas to consider in the lead-up to 30 June this year.

16 June 2023 • By Robyn Tongol

Super

Budget and super: The good, the bad and the ugly

The Treasurer delivered a mixed bag of measures for superannuation this week.

12 May 2023 • By Michael Davison and Richard Webb

Super

Budget sheds light on 2 key issues for super

The government has outlined the direction it will take with non-arm’s length income and signalled the $3 million tax...

11 May 2023 • By Miranda Brownlee

Super

Budget forecast for super tax ‘litmus test’ for unrealised gains

If the government sticks to its $2 billion revenue projection, then investors will move funds out of super, says SMSF...

04 May 2023 • By Philip King