3rd Quarter 2022

The Australian Taxation Office (ATO) has released some broad guidance on ‘boiler room’ schemes which are broadly scams involving salespersons cold-calling or emailing taxpayers they have targeted through identity fraud or technology and offering investment opportunities.

From 1 November 2021 an employer may be required to request an employee’s stapled super fund details from the Australian Taxation Office (ATO).

The start date for the additional subsidy for families with two or more children in care has been brought forward from 11 July 2022 to 7 March 2022.

REDUCING THE NEED FOR AN ACTUARIAL CERTIFICATE

Self-managed super funds (SMSFs) no longer need to obtain an actuarial certificate for exempt current pension income (ECPI) in certain circumstances for the 2021-2022 and later income years.