The ATO has introduced new penalty powers which it can impose on you if your fund breaks certain superannuation rules. The new rules apply from 1 July this year and allow the ATO to fine you and require you to rectify the mistake that has […]
FORMER Treasurer Peter Costello has called for any top-level review into the banking sector to be broadened to take in the $1.4 trillion superannuation industry, saying governments have failed to assess properly whether the system was meeting people’s retirement needs. As the share of wages […]
Small investors are wielding their self-managed super funds in the residential property market. According to the Australian Taxation Office, self-managed super funds are now the largest and fastest-growing segment of the super industry. Data from the ATO shows that residential property assets held by such […]
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