The ATO will only recognise limited reasons offered by trustees as an acceptable excuse for not paying a death benefit within the standard timeframe.

SMSF trustees requiring a director identification number will have to apply for one using the myGovID app on their mobile device.

The ATO has warned individuals to remain vigilant following an increase in cold-calling scams focused around SMSFs.

Identity and investment fraud are on the rise among SMSFs and the ATO has acknowledged this development and has a strategy to combat it.

The ATO has extended the COVID-19 compliance relief measures, confirming they will apply to SMSFs for the 2022 financial year as well.

The ATO has the ability to determine if people over the age of 66 who have made personal super contributions have satisfied the required work test.

A new procedure is now being applied to newly established SMSFs and how the ATO reflects their status on the Super Fund Lookup website.