Division 293 tax
From 1 July 2012, Division 293 tax will be applied to certain superannuation contributions to reduce the concessional tax treatment ...
Refund option for excess super contributions
The refund option for excess superannuation concessional contributions up to $10,000 has now been passed as law. As a result, ...
Obligations & responsibilities for SMSF Trustees
On 7 August 2012, the following measures were introduced as prescribed operating standards - meaning that they must be complied with ...
Self Managed Superannuation Funds Ruling SMSFR 2012/1 – Limited Recourse Borrowing Arrangements (LRBAs)
SMSFR 2012/1 - The ATO have issued the final SMSF Ruling on LRBAs for SMSFs. The ruling explains the application ...
Changes to tax on employment termination payments (ETPs)
As announced in the 2012 Federal Budget, as of 1 July 2012, the Government proposes that current Employment termination payment ...
Superannuation contributions tax to double to 30% for high income earners
Superannuation contributions tax - In the 2012 Federal Budget, the Government announced an increase in contributions tax from 15% to 30% ...
