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An ATO Case Study on SMSFs presentation

Published on 23 Sep 03 by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE

This presentation covers:
- the level of independence required of the person auditing the fund
- the prohibition on inhouse assets
- the need for real separation of assets of the fund from the employer/principals
- the employer meeting costs incurred by the SMSF
- the impact of minor breaches versus substantive breaches.

Author profile:

Michelle Crosby
Within the Superannuation Business Line of the ATO, Michelle has responsibility for the Superannuation Active Compliance work area which manages the compliance aspect of Self Managed Super Funds, Employer Super Guarantee Obligations and Super Fund Income Tax and Surcharge lodgements. Michelle manages a large and diverse workforce who undertake client management, education and active compliance roles. In addition, Michelle fulfils the role of the Capability Leader for Compliance Business Systems in the ATO which involves ensuring that compliance strategies across the ATO have appropriate IT support. Current at 01 January 2004
 
Individual sessions

An ATO Case Study on SMSFs

Author(s):  Michelle CROSBY

Materials from this session:

Further details about this event:

 

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