Law Administration Practice Statement News Today

The Australian Taxation Office is developing advice and guidance on a number of issues that will affect self-managed superannuation funds. Issues which will be impacted include [3938] Superannuation i

With the ATO set to soon release further guidance on rectification and education directions for SMSFs, the bar for compliance may be raised higher this year for professionals and their clients. Spea

The ATO’s final guidance on Division 7A heralds the end of sub-trust arrangements for unpaid present entitlements. Pathway to now Since 2010, the ATO has issued the following primary guidance materi

Professional practices – accountants, engineers, lawyers and more – need to self-assess their risk profile under revised tax guidelines. As the dust settles on the release of final ATO guidance

The ATO can apply discretion where benefits cross the line, but strict compliance is the best option.

The Joint accounting bodies have raised concerns about the proposed treatment of rectified transactions outlined in the ATO’s draft guidance on Commissioner discretion and illegal early release of s

The SMSF Association has requested that the Commissioner reconsider his view in relation to ‘attempted rectification’ in its response to the ATO’s draft guidance on Commissioner discretion on be

The ATO has released draft guidance outlining the factors the Commissioner will consider when exercising discretion on superannuation benefits received in breach of the SIS Act. The ATO has published

The ATO has released draft guidance outlining the types of circumstances where the Commissioner may exercise discretion for superannuation benefits received by SMSF members in breach of the SIS Act an