The Australian Tax Office (ATO) has announced its approved self-managed superannuation fund (SMSF) auditors professional-to-professional support service is being extended.
The free service, which provides technical assistance to high-volume professional SMSF auditors, will be extended to the 300 largest auditors from July this year. This will cover approximately 40 per cent of the SMSF population, according to the ATO.
The ATO stated the service will provide auditors with direct access to senior technical officers, who can respond to queries concerning technical issues identified in the course of SMSF audits.
In addition, technical officers can provide guidance on SMSF regulatory issues to “assist auditors in gaining a better understanding of SMSF legislative requirements.”
“They will also provide support to resolve any SMSF administrative issues where other more appropriate support and guidance services do not exist,” according to the ATO.
Those approved SMSF auditors who have accepted the ATO’s invitation to use the service can request general technical advice on the Superannuation (Industry) Supervision Act 1993 (SISA) regulatory requirements of SMSF trustees.
SUBSCRIBE TO THE SMSF ADVISER BULLETIN
- 22 May 2017ATO sheds light on LRBA reporting requirementsBy Miranda Brownlee
- 22 May 2017Software provider releases super reform-focused servicesBy Jotham Lian
- 22 May 2017ATO poised to ramp up focus on key compliance areaBy Katarina Taurian
- 22 May 2017Caution advised on ATO’s new super balance toolBy Katarina Taurian
- 19 May 2017SMSF real-time reporting slated for FY2018-19By Miranda Brownlee and Katarina Taurian
- 19 May 2017Lawyer points to benefits of AFCA for SMSFsBy Miranda Brownlee
- view all
- Software provider releases super reform-focused services
BGL has announced the release of services, designed to deal with the 2016-17 superannuation reforms, that will help clients tackle the new C...read more
- ATO poised to ramp up focus on key compliance area
With 8 per cent of funds failing to meet their lodgement obligations for the last two years at least, the ATO is set to up its compliance fo...read more
- view all