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03 Apr 09 On the ATO's statistical information

MEMBER 4 writes in response to the publication of the SMSF statistical report (December 2008), reported in last week's TAXVINE:

"I read with amusement the statement by the ATO relating to SMSFs.

'Much of the information in the statistical tables is estimated based on data reported to us. Caution should be taken when using or presenting this data. The estimates have been based on data provided by SMSFs reporting their financial position as at 30 June of the relevant financial year.'

As all information on all tax returns (including large Super Funds) is provided by the same source (Accountants and Tax Agents), I guess the same applies to all statistical information provided by the ATO?"

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