ATO SMSF Audits News

2018 SMSF Audit Cycle

2020-09-11T15:26:00+10:00May 11th, 2018|Categories: Audit News|Tags: , , , |

LET'S TAKE ACTION TOGETHER The recent 2018 Federal Budget announcements interestingly included a section on triennial SMSF audits. From 1 July 2019, SMSFs with a history of ‘good record-keeping and compliance’ will only need to have their financial statements audited every 3 years. The SMSF industry is a $900B [...]

What’s Ahead of SMSFs?

2020-08-12T02:22:40+10:00August 29th, 2016|Categories: Audit News|Tags: |

Recently, the ATO published a speech delivered by the ATO Deputy Commissioner Superannuation, James O’Halloran, in an address to the CPA SMSF conference. The Deputy Commissioner discussed the Superannuation reforms and noted particular interest from the general public in relation to the proposed $500,000 lifetime cap for non-concessional contributions [...]

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