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Gadens Regulatory Recap - 4 April 2024

Tougher enforcement needed on client verification, says OCR Labs

Client verification standards for tax agents must be made mandatory to combat the growing threat of identify fraud, an ID verification specialist warns. OCR Labs, general manager, APAC, Paul Warr

ATO keeping tabs on SMSF early access, tax avoidance

The tax office issued a fresh warning to the rich who use self-managed superannuation funds as a vehicle for dodging tax and those who illegally access their retirement savings early.

ATO refers 13 SMSF auditors to ASIC

The Tax Office has revealed the latest outcomes from its top 100 and high-risk auditor programs. As part of its Top 100 and High-risk auditor programs, the ATO reviewed a total of 34 auditors during

ATO issues fresh warning on illegal early access schemes

With illegal early access schemes on the rise, the Tax Office has issued a factsheet warning super members about the promoters of these schemes. In a recent update, the ATO warned superannuation me

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