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ATO perspective on large super funds

Published on 01 Oct 19 by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE

With the ever-expanding level of investment and subsequent oversight by regulators, we recognise that large superannuation funds operate in a complex and challenging environment as they seek to act in the best interests of members and meet their tax, reporting and other regulatory obligations. Through our engagement with large superannuation funds, we have seen the different ways funds are responding to these challenges and how they are continually evolving in the way they do business and interact with their members and regulators, including the ATO. In response, our responsibilities and services have also expanded to support funds and their advisers in meeting their tax and reporting obligations and in undertaking assurance activities that build community and government confidence in the sector. This article provides valuable insights from our engagement with large superannuation funds over the last 12 months and notes key areas of future focus.

Author profiles

Nadia Alfonsi
Nadia is Client Engagement Director at the Atustralian Taxation Office. - Current at 02 October 2019
Chris Thomson
Chris is Law Interpretation Director at the Australian Taxation Office. - Current at 02 October 2019

 

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