Where to get Budget documents [B1]

On the web The 2012-13 Budget Papers are available at any of the following websites: 2012-13 Central Budget website Federal Government Parliament of Australia Department of Finance and Deregulation Those websites also link to previous years’ Federal Budget papers going back to 1996-97. Print copies The 2012-13 Budget Papers are also available for sale from…

*Australian superannuation funds seek relief from US FATCA rules which require the funds to collect data on members, identify US Taxpayers, and withhold 30% tax from Members who don’t comply [Su8]

The Financial Services Council (FSC) has expressed concerned that the Australian financial services industry will be unable to comply with the proposed US Foreign Account Tax Compliance Act (FATCA) regulations when they come into effect on 1 January 2013. Mr John Brodgen said that the FSC has briefed US Treasury and will give evidence to…

APRA released authorization and other documents for transition to ‘MySuper’ funds or products next year [Su7]

APRA on Thur 3.4.2012, released the following information on its proposed arrangements for the authorisation of MySuper products: ;Discussion Paper – MySuper authorisation and transition standard Application Form – authority to offer a MySuper product; Instruction Guide – application form – Authority to offer a MySuper product; Draft Prudential Standard SPS 410 – MySuper transition.…

ATO Taxation Statistics 2009-10 [O2]

The ATO on Mon 30.4.2012, released Taxation Statistics 2009-10<http://info-anz.thomson.com/t/11608540/105811750/92915/0/> which features data compiled from tax returns from the 2009-10 income year and other financial information provided in activity statements and other FBT, GST, and excise forms for the 2010-11 financial year. Highlights from the statistics for the 2009-10 year included: Personal tax: 12.4m individuals lodged…