'Sledgehammer' cry over sins of a DIY few

Article Abstract:

Do-it-yourself (DIY) funds, the preferred savings method of 380,000 Australian baby boomers, is coming under attack from legal and other fronts. The Australian Parliament will introduce two bills to tighten the funds regulatory regime under the Australian Tax Office. Also, tax surcharges/rates and age-based contribution limits are affecting DIY funds. DIY funds grew by 23%, or $9.3 billion, during the 12 months to March 1999, reaching $50 billion.

Unit Trusts (Oil, etc), Other Financial Vehicles, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Trusts, Financial Regulatn NEC, Statistical Data Included, Finance, Financial services, Product information, Investment companies, Unit investment trusts, Commercial law, Trusts and trustees, Trustees, Trusts (Law), Baby boom generation

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Troubled waters

Article Abstract:

A new tax ruling on charter yachts and its implications are discussed. The Australian Taxation Office prepared examples of acceptable charter boat arrangements between charter companies and owners, in order to gain business exemption, in conjunction with the charter industry.

Water Transportation, Taxes, Water Transportation Services, Support Activities for Water Transportation, Shipping industry, Tax policy

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Interesting split with the ATO

Article Abstract:

One of the smartest strategies when it comes to personal finances is to pay off any private non-deductible debt. A recent decision in a Federal Court cases shows that this strategy takes a lot of planning in order to avoid problems with the Australian Taxation Office.

Financial management

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