Mixed response to RBA rate rise
There has been a mixed response from employer and industry groups to the Reserve Bank’s rate rise on Tuesday (5...READ MORE
New powers given to the ATO, while welcome, won’t achieve the stated aim of closing the ‘Superannuation Guarantee gap’, an accounting firm has claimed.
The Australian Taxation Office (ATO) recently received new powers as part of reforms aimed to close the ‘Superannuation Guarantee gap’ – referring to the gap between the amount of super contributions Australian employers are expected to make, and the amount they actually do.
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