The implementation of one timeframe for lodging a transfer balance account report could lead to ATO compliance activity not yet witnessed.

The ATO’s early engagement and voluntary disclosure service should only be used if a contravention of the superannuation rules has occurred.

ASIC has told former clients of Dixon Advisory to lodge a formal complaint so they may be eligible to receive compensation under any schemes launched in the future.

Directors of corporate SMSF trustees have been warned severe penalties can be issued for non-compliance with the new director ID regime.

An SMSF wind-up is only compulsory in one situation, even though some trustee circumstances may appear to dictate this course of action is necessary.