Press Releases

Taxpayers hosts roundtable with Inspector-General of Taxation

Taxpayers Australia has hosted a successful and productive round table with the Inspector-General of Taxation Ali Noroozi. Taxpayers hosts roundtable with Inspector-General of Taxation Members of Taxpayers Australia had the opportunity to raise a range of concerns related to tax administration in Australia. Individuals present were also given a general overview of the Inspector-General’s remit,

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Minimum percentage factors for account based pensions are unrealistic

Account based pension statutory percentages are too high in these economic times where deposit interest rates offered by financial institutions are hovering at all-time lows.  When in pension mode, the drawdown amount, based on age and statutory percentages, can cause excessive erosion of fund balances that are made up of cash, term deposits and fixed

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Survival of LRBAs a sensible outcome in government’s FSI response

The Federal Government has got it right in retaining the limited recourse borrowing arrangements for SMSFs, Taxpayers Australia said. Survival of LRBAs a sensible outcome in government’s FSI response The government’s recent detailed response to David Murray’s Financial System Inquiry thankfully saw sense, and ignored the report’s calls to ban limited recourse borrowing arrangements (LRBAs).

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Low interest rates force SMSF investment plan changes

Trustees of self-managed superannuation funds are being forced to restructure their investment strategies as a result of all-time low interest rates. Low interest rates force SMSF investment plan changes Account based pension statutory percentages are too high in an environment where deposit interest rates offered by financial institutions are giving SMSF trustees minimal returns. When

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