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17 Sep 2020 Superannuation

Four things your SMSF needs to know about newly built homes

Find out what you need to know if your SMSF is thinking about adding newly built homes to their portfolio.

Read more here.

Super processing schedule

ATO superannuation remittance and recovery processing schedule for September and October 2020.

Read more here.

ATO and CPA podcast - September 2020

Listen to the CPA podcast for self-managed super fund auditors which discusses the implications of the restructured Code of Ethics and auditor.

Read more here.

Streamlined support for SMSFs issued a commutation authority

Streamlined support is available for SMSFs and their agents who have been issued a commutation authority. This service will be available until November 2020.

Read more here.

Lodging in October? Check your auditor's details carefully

Eligible community sheds can now apply to be endorsed as a deductible gift recipient (DGR).

Read more here.

Are you aware of the ATO SMSF voluntary disclosure service?

If your SMSF had a regulatory contravention which you have not been able to rectify, you are eligible to use the ATO voluntary disclosure service.

Read more.

Lost member reporting obligations

You are required to assess the lost status of your members and report any changes to the ATO biannually, at a minimum.

Read more here.

Member ILBA election requirements

Members must now make an election directly to their fund to have their account not treated as an inactive low balance account (ILBA)

Read more here.

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