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ATO: protecting honest businesses

Protecting Honest Business

ATO campaign to reveal poor business practices As part of its ongoing focus on the cash and hidden economy, the ATO created a campaign focusing on businesses that are dealing mainly with cash and or advertising “cash-only”. ATO named the campaign Protecting Honest Business, which refers to the unjust advantage these cash operators have over …

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Superannuation Transfer Balance Cap

Transfer balance cap for pension phase accounts Starting 1 July 2017, there is a limit on how much of your super you can transfer from your accumulation super account to a tax-free “retirement phase” account to receive an account-based pension income. This is known as the super “transfer balance cap”. If you have more than …

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