The consequences of not lodging SMSF annual returns on time

Ensuring that your SMSF annual return is lodged on time is a critical part of the obligations of an SMSF trustee. The ATO has made an important change starting from 1 October 2019. After that date, if an SMSF annual return is lodged more than two weeks after the lodgement due date and hasn’t requested…

The ongoing obligations of an SMSF Auditor

It is reasonably well known that anyone who runs a self-managed superannuation fund (SMSF) must have the fund audited by a registered SMSF Auditor. A registered SMSF auditor is registered with ASIC under section 128B of the SIS Act. To qualify for registration an auditor must have satisfied the following requirements. They must hold a…