In a recent speech James O’Halloran, Deputy Commissioner, Superannuation, outlined the ATO’s current areas of focus in the SMSF sector. They include:
Compliance with the total super balance and transfer balance cap regimes
The use of reserves by SMSFs
The use of multiple SMSFs
Monitoring SMSF auditors
Using the SMSF registration process to review new SMSFs
Reviewing late lodging SMSFs
Reviewing the top 100 SMSFs by account balances
To discuss this further or for more information please contact:
Phil Broderick
Principal
Sladen Legal
T +61 3 9611 0163 l M +61 419 512 801
Level 5, 707 Collins Street, Melbourne, 3008, Victoria, Australia
E: pbroderick@sladen.com.au
Ashleigh Eynaud
Associate
Sladen Legal
T +61 3 9611 0129
Level 5, 707 Collins Street, Melbourne, 3008, Victoria, Australia
E: aeynaud@sladen.com.au