News

Compliance Program for 2009/10

03/12/2009

The ATO during 2009/10 will concentrate on the following key areas

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What are the Implications of the Revision of Super Fund Lookup?

03/12/2009

It seems likely that the process for registering a new SMSF will be altered and the ATO may require further information to be provided and additional requirements to be satisfied in order to filter out SMSFs which have been established solely to facilitate illegal early release schemes.

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ATO Revising Super Fund Lookup

03/12/2009

The ATO is currently working on changes to the Super Fund Lookup website. This website lists all regulated superannuation funds including SMSFs.

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ATO Takes Tougher Line on Outstanding Tax Returns!

03/12/2009

The ATO has recently issued letters to trustees of SMSFs who, despite previous ATO reminders, have outstanding tax returns from previous years.

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NEW - SUPERCentral Compliance Certificate

03/12/2009

SUPERCentral has developed a complimentary Compliance Certificate to assist auditors who are auditing SMSFs which use the SUPERCentral Governing Rules.

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