News : ATO

ATO, Compliance & Regulation

Regulator SAR letters need response

ATO correspondence regarding the non-lodgement of SMSF annual returns now has a more serious nature and should not be ignored.

ATO correspondence regarding the non-lodgement of SMSF annual returns now has a more serious nature and should not be ignored.

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ATO, Auditing, Compliance & Regulation

Trustee declaration obligation tweaked

The ATO has moved to provide a more practical compliance solution for situations where an SMSF’s original trustee declaration cannot be located.

The ATO has moved to provide a more practical compliance solution for situations where an SMSF’s original trustee declaration cannot be located.

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ATO, Compliance & Regulation

ATO reveals 2025/26 compliance focus

SMSFs with outstanding annual returns will come under greater scrutiny from the ATO, which is concerned by a rise in late lodgements.

SMSFs with outstanding annual returns will come under greater scrutiny from the ATO, which is concerned by a rise in late lodgements.

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ATO, Compliance & Regulation, Regulation

Failing stipulated pension obligations

Failing to meet the pension payment standards now has more severe consequences from both a tax and administrative point of view.

Failing to meet the pension payment standards now has more severe consequences from both a tax and administrative point of view.

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ATO, Technology

Cyberattack reports denied

The ATO has reassured the public its systems remain secure after rebutting reports in the media it had suffered a cybersecurity attack.

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ATO, SMSF, Trusts

Treatment of UPEs could change

Division 7A, ITAA, SIS Act, UPE, loans, unit trusts, unpaid present entitlements, Division 7A, Income Tax Assessment Act, financial accommodation, Sladen Legal, Phil Broderick, Federal Court, SIS Act, self managed superannuation, self managed super, SMSF

The treatment of UPEs as loans from beneficiaries to unit trusts may no longer stand due to a recent full Federal Court decision.

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ATO, Compliance & Regulation

Onus on trustees for benefits access

superannuation benefits, condition of release, early access, SMSF trustee, illegal access, administrative penalties, disqualification, voluntary disclosure, non-lodgement, SMSF annual return, self managed superannuation, self managed super, SMSF

The ATO has warned trustees they will be held accountable for members who access super without meeting a legitimate condition of release.

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ASIC, ATO, Auditing, Regulation

More SMSF auditors sanctioned

ASIC, SMSF auditor, Australian Securities and Investments Commission, ATO,

ASIC has cracked down on 17 SMSF auditors who failed to meet their compliance obligations, banning some and imposing various disciplinary measures on others.

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