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ATO focus on super obligations – child care, pubs and cleaning Each year, the ATO identifies industries where employers are at a greater risk of not making super contributions for their eligible employees. This year its focus is on: child…

Editor:  The ATO is carrying out two new data matching programs to identify non-compliance with registration, lodgment, reporting and payment obligations, i.e., looking for tax avoiders. Motor vehicles The ATO has announced a new “Motor vehicle data matching program” to…

Excess Non-Concessional Contributions The Commissioner is required to assess the individuals excess non-concessional contributions and issue them with a NOA.  The Commissioner must also give to the taxpayer a release authority which the taxpayer provides to the superannuation provider requiring…

ATO says beware of ‘boiler room’ sales tactics The ATO has warned that some operators are using telemarketers to apply high-pressure sales tactics to lure superannuation trustee investors into high risk or suspect investments.  This practice is known as ‘boiler…

Changes to employee share schemes The government has announced that, effective 1 July 2015, it will claw back many of the former government’s changes to the taxation of Employee Share Schemes. While the Treasurer will consult with industry in finalising…

ATO’s data matching program on specialised payment systems The ATO has announced a data matching program in relation to electronic payments made to businesses through specialised payment systems. For the period 1 July 2013 to 30 June 2014, it will…