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Home News

ATO confirms changes for ACR lodgement

From June next year, one portal for auditor/actuary contravention report (ACR) lodgement will be discontinued.

by Reporter
June 5, 2015
in News
Reading Time: 1 min read

An ATO review of ACR lodgment through the Business Portal has revealed a steady decline in usage over the last two years.

In fact, lodgments through this channel now represent less than eight per cent of total ACR lodgements, the ATO found.

X

The ATO has since decided to discontinue ACR lodgement through the Business Portal from June 2016.

The cost of running and maintaining the Business Portal as an ACR lodgement channel was also a factor in the decision to discontinue it.

However, practitioners can continue to lodge ACRs through the business portal until access to the form is fully removed.

Tags: News

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SMSF Adviser is the authoritative source of news, opinions and market intelligence for Australia’s SMSF sector. The SMSF sector now represents more than one million members and approximately one third of Australia's superannuation savings. Over the past five years the number of SMSF members has increased by close to 30 per cent, highlighting the opportunity for engaged, informed and driven professionals to build successful SMSF advice business.

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