ATO to use insurance for data matching

    The ATO is working with insurance providers to identify policy owners on a wider range of asset classes. These include: marine aviation enthusiast motor vehicles fine art thoroughbred horses. This will provide them with a more accurate estimate of taxpayer’s wealth for comparison with their report tax obligations. In January-February the ATO will…

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Bushfire victims access to early release of superannuation

Senator Nick Sherry, Minister for Superannuation and Corporate Law, has reminded super fund members that in the wake of the devastation caused by bushfires in Victoria, those affected may, depending on their circumstances, be able to claim either death or Total and Permanent Disablement (TPD) insurance attached to their superannuation or seek early access to…

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