News : ATO

ATO, Documentation

ATO on SAR lodgement warpath

ATO on SMSF annual return lodgement warpath

The ATO has issued a stern warning to the entire SMSF sector over funds that either have not lodged or are late in lodging the requisite annual return.

read more
ATO

ATO trustee course takes shape

SMSF trustees course

An SMSF trustees competency course is currently being finalised by the ATO to ensure the appropriate individuals are looking to run their own super fund.

read more
ATO, Superannuation

Early super release eligibility under question

early release super

Penalties could still be issued to individuals who gained early release to super under COVID-19 relief measures but may ruled ineligible after the act.

read more
ATO, Superannuation

SMSFs to ignore off target letters

ATO SMSFs letters

SMSFs that have received a letter requiring them to report claims for a contribution deduction should ignore them as they do not apply.

read more
ATO, Compliance & Regulation, Superannuation

Early access problems explained

early access SMSF

SMSFs unable to secure early access to their funds are likely to have outstanding returns, according to the ATO.

read more
ATO, Pensions

COVID-19 creates pension drawdown headache

low income pension

Trustees drawing pensions based off low-returning assets will still have to draw the minimum amount and cannot sidestep that requirement, the ATO has said.

read more
ATO, Documentation

ATO defers SAR lodgement date

ATO SAR lodgement

The lodgement date for SMSF annual returns has been automatically pushed out to 30 June for all funds in the latest COVID-19 relief measure from the ATO.

read more
ATO, Compliance & Regulation

A new break for LRBAs

LRBA structure

SMSF trustees may soon have more ways to structure limited recourse borrowing arrangements without breaching the Superannuation Industry (Supervision) Act due to a new ATO legislative instrument.

read more
ATO, Compliance & Regulation

ATO rent relief stance announced

ATO rent relief COVID-19

The ATO has confirmed it will not take action against SMSFs providing tenants with rent reductions due to the impact of COVID-19.

read more
ATO, Compliance & Regulation

ATO issues in-house asset directive

In-house assets

The ATO has provided SMSF trustees with a course of action should a fund be in breach of the in-house assets rules due to COVID-19-driven market downturns.

read more

Copyright © SMS Trustee News 2025

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.