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ATO treading fine line between enforcement and support
The Australian Taxation Office has affirmed its commitment to finding a balance between enforcement with assistance and support as part of its commitment towards efficiency, consistence and transparency as the SMSF regulator.
Major Spending Initiatives
- $36 billion in new spending
- $17 billion in personal tax cuts
- $8.5 billion in universal Medicare spending
- $5 billion for childcare
- 20% of student debt wiped for 3 million students
- $150 off power bills for all households and small businesses
- Prescription costs capped at $25 each
Addressing the SMSF Association Conference on the Gold Coast last month, ATO assistant commissioner Dana Fleming outlined the regulator’s journey over the past 12 months and into the future to improve regulatory effectiveness, with a focus on consistency and transparency.
Read more at SMSF Adviser.
