Changes to insolvency laws mean the disqualification of corporate trustees can now occur in cases where restructuring takes place.

The ATO will not take compliance action against funds that have not reported a TBA event after the commencement of a new pension in the interim.

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.