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Latest ATO News and Alerts

  1. Presentation at the Conference of Major Superannuation Funds, delivered by Dana Fleming, Acting Deputy Commissioner, Superannuation and Employer Obligations, ATO.
  2. We are implementing the new SMSF verification service to assist funds with processing their rollovers. Super funds have until the end of September 2021 to start using this new verification service.
  3. The ATO recognises the significant challenges that continue to face the Australian community this year. Many Australians have received different income, such as support payments, or have lost records due to natural disasters.
  4. Primary producers can claim deductions for capital expenditure incurred on landcare operations, connecting or upgrading mains electricity supply to the business, connecting or extending a phone line and creating shelterbelts on land used for primary production.
  5. Loans made by private companies to shareholders, and associates of shareholders, for purposes of Division 7A of Part III of the Income Tax Assessment Act 1936.
  6. Borrowers affected by COVID-19 can apply for administrative relief for Division 7A minimum yearly repayments.
  7. SMSF rollovers are now being included in SuperStream. As a result, you may receive an email or text message notifying you of your rollover request.
  8. These are the key rates and thresholds that apply in relation to contributions and benefits, employment termination payments, super guarantee and co-contributions.
  9. Keep up to date with the latest news for large superannuation funds on issues and changes in the administration of Australia's super system.
  10. You can participate in our open consultation. We encourage you to have your say.
  11. Funds should exclude COVID-19 ERS payments from their PAYG withholding reporting. Including these payments could result in the miscalculation of the tax payable by individuals.
  12. Your business tenant or landlord tax obligations may change if you give or receive rent concessions as a result of COVID-19.
  13. Request to extend time to make 2020–21 minimum yearly repayments for COVID-19 affected borrowers under section 109RD if unable to pay owing to circumstances beyond your control.
  14. Request to extend time to make 2019–20 minimum yearly repayments for COVID-19 affected borrowers under section 109RD if unable to pay owing to circumstances.
  15. This document provides a list of quick links to the pay as you go (PAYG) withholding tax tables.