Personal financial advice fees from member accounts

News Tax & Compliance Consultations

Date: 14th Jan, 2025 Source: Australian Taxation Office (ATO) Country: Australia Original Source

Brief

On 14/01/2025, the Australian Taxation Office (ATO) issued an update regarding Personal financial advice fees from member accounts. The draft Practical Compliance Guideline sets out a methodology for superannuation funds to determine the extent of payments satisfying certain tax requirements and outlines compliance approaches, with retrospective application to align with amendments to the Income Tax Assessment Act 1997.

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Australian Taxation Office (ATO)

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Personal financial advice fees from member accounts

Brief

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Personal financial advice fees from member accounts

Brief

Australian Taxation Office (ATO)

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