Building confidence in tax and super systems
The ATO has released Building confidence which outlines our strategies for achieving fairness in tax and super systems, recent developments and the results we are getting.
The new approach complements the higher level priorities and activities outlined in the ATO corporate plan 2014-18.
Recent developments in the super system include:
For the tax and super systems to work, the community must be confident that these systems are fair for everybody. So we try to make it easy for the people who do the right thing, and focus our compliance activities on the small minority who do not.
- SuperStream, which is seeing changes to the way employers make their super contributions
- SMSF compliance issues and responses
- new powers used to recover super from phoenix operators
- super guarantee – industry focus.