The Australian Taxation Office (ATO) has given back $932 million in unpaid super to 797,000 workers. This big move shows the ATO’s hard work to make sure employers pay their super on time. It’s key for workers’ retirement plans. Deputy commissioner Emma Rosenzweig said over 92% of super was paid without the ATO needing to … Read more
Yugo Canteen, a group of restaurants in Queensland, owes the Australian Taxation Office (ATO) $959,634.87. This is 96% of the total $997,236.14 owed to all creditors. The company wants to pay off this debt by giving the ATO $165,000 over 24 months. This is just 15.04 cents for every dollar owed. Scott Hoskins, Yugo Canteen’s … Read more
The Australian government has slashed $3 billion from HECS-HELP loans. This move affects over three million Aussies. The ATO is now crediting individual accounts, cutting the average $27,000 HECS debt by about $1,200. This change aims to ease the financial burden on former students and current debt holders. It’s a welcome relief for many Australians … Read more
The Australian government has erased $3 billion in HECS debt, affecting over three million Aussies. This unexpected student loan relief arrives as a Christmas surprise. The ATO is issuing credits, with the average refund being $400 per person. These refunds are part of a broader plan to ease student loan burdens. For those with an … Read more