News : Compliance & Regulation

Compliance & Regulation, Legislation, Regulation

Lodgement confirmed as a trustee duty

An SMSF trustee was unsuccessful in an appeal against his failure to lodge fund returns by blaming his accountant for the problem.

An SMSF trustee was unsuccessful in an appeal against his failure to lodge fund returns by blaming his accountant for the problem.

read more
Compliance & Regulation, Legislation, Payday Super, Superannuation, SuperStream

Prompt ESA action required

SMSFs switching ESAs should act in the coming days to ensure they are not caught out by delays that lead to contribution issues under Payday Super.

SMSFs switching ESAs should act in the coming days to ensure they are not caught out by delays that lead to contribution issues under Payday Super.

read more
CGT, Compliance & Regulation, Division 296, Legislation, Strategy, Tax

Cost base change right for net gain SMSFs

The decision as to whether to use the Division 296 CGT cost base adjustment should be automatic if an SMSF portfolio is reflecting a net gain.

The decision as to whether to use the Division 296 CGT cost base adjustment should be automatic if an SMSF portfolio is reflecting a net gain.

read more
Compliance & Regulation, Contributions, Legislation, Payday Super

SMSFs must obey Payday Super deadlines

The status of an SMSF as a related-party fund will not negate the need for SG contributions to be paid to it within seven days under the Payday Super rules.

The status of an SMSF as a related-party fund will not negate the need for SG contributions to be paid to it within seven days under the Payday Super rules.

read more
Compliance & Regulation, CSLR, Legislation, SMSF, SMSFA

CSLR levy on SMSFs defies consumer law

Requiring SMSFs to pay to access the CSLR is likely to breach consumer laws and blames them for losses caused by other parties.

Requiring SMSFs to pay to access the CSLR is likely to breach consumer laws and blames them for losses caused by other parties.

read more
ATO, Compliance & Regulation, Pensions

Do not rely on pension breach discretion

Relying on having the ATO exercise its discretionary powers to waive a breach of the pension payment standards is not a dependable strategy.

Relying on having the ATO exercise its discretionary powers to waive a breach of the pension payment standards is not a dependable strategy.

read more
ATO, Compliance & Regulation, Payday Super, SMSF

ATO issues Payday Super updates

The ATO has reminded SMSFs they are not excluded from Payday Super requirements and have limited time to make the necessary preparations.

The ATO has reminded SMSFs they are not excluded from Payday Super requirements and have limited time to make the necessary preparations.

read more
Compliance & Regulation, Contributions, Legislation, Payday Super, SMSF

SMSFs need Payday Super proactivity

SMSFs must take proactive steps to be ready for Payday Super or risk employer contributions failing to reach their fund.

SMSFs must take proactive steps to be ready for Payday Super or risk employer contributions failing to reach their fund.

read more
ATO, Compliance & Regulation, Contributions, Legislation

Release authority non-compliance grows

The ATO has indicated a larger number of SMSFs are failing to act on release and commutation authorities issued to them.

The ATO has indicated a larger number of SMSFs are failing to act on release and commutation authorities issued to them.

read more
Compliance & Regulation, Regulation, Scams, SMSF, SMSFA

Sector attacks baseless

Recent claims from certain industry quarters that SMSFs are not properly governed have been refuted by the sector’s peak representative body.

Recent claims from certain industry quarters that SMSFs are not properly governed have been refuted by the sector’s peak representative body.

read more

Copyright © SMS Trustee News 2026

ABN 80 159 769 034

Benchmark Media

WordPress website development by DMC Web.