The ATO is investigating details of offshore tax planning activities contained in the so-called “Pandora Papers” released by the ICIJ.
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Stuart Jones
Stuart Jones is a Senior Tax Writer with Thomson Reuters and a respected commentator on all matters superannuation. Stuart is the author of the Australian Superannuation Handbook and contributes extensively to other Thomson Reuters’ services, including the Australian Tax Handbook.
Posts by Stuart Jones
Downsizer in-specie contributions confirmed by ATO
The ATO has confirmed to the SMSF Association that an individual can make a downsizer super contribution as an in-specie (ie non-cash) contribution, provided that the other eligibility criteria are satisfied.
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High Court rules Westpac super switching campaign was “personal advice”
The High Court has dismissed Westpac’s appeal and ruled that it had provided “personal advice” (and not simply “general advice”) in relation to a superannuation switching campaign.
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NSW to take superannuation contribution holiday for 2 years
The NSW Government has announced that it will take a 2-year superannuation contribution holiday.
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JobSeeker Supplement extended to March 2021 at reduced rate
The Prime Minister has announced that the temporary Coronavirus Supplement will be extended until 31 March 2021, but the payment rate will be reduced from $250 to $150 per fortnight from 1 January 2021.
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Regulation of Auditing: Senate Committee report tabled
The Parliamentary Joint Committee on Corporations and Financial Services has tabled its final report into the Regulation of Auditing in Australia.
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SMSF annual returns: late lodgment may impact fund status
The ATO has reminded trustees of self-managed super funds (SMSFs) that the annual return due date for some funds is 31 October.
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ASIC Chair stands aside pending review into relocation expenses
ASIC Chair, James Shipton, has stood aside pending a review into relocation expenses, including for income tax advice paid for by ASIC.
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Budget: Super trustees – new best “financial” interests duty
The Government has announced that it will legislate to compel trustees of APRA-regulated superannuation funds to act in the best “financial” interests of their members.
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2020-21 Federal Budget: “all about jobs” plus record deficit, big spending, backdated tax cuts and more
On Tuesday, 6 October 2020, Treasurer Josh Frydenberg handed down the 2020-21 Federal Budget, his second Budget.
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