Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
subscribe to our newsletter

Non-lodging SMSFs in ATO’s sights

Reporter
03 December 2015 — 1 minute read

The ATO has reiterated it is “getting serious” with non-lodging SMSFs this year.

In a public statement this week, and consistent with previous warnings, the ATO reminded SMSF trustees that if their SMSF has two or more annual returns overdue, their regulation details will be removed from Super Fund Lookup (SFLU).

“Removal of your SMSF details from SFLU means your fund will not be able to receive rollovers or establish new contribution arrangements. Until your lodgments are brought up-to-date, your details will not appear on the register,” the ATO stated.

Advertisement
Advertisement
>In a public statement this week, and consistent with previous warnings, the ATO reminded SMSF trustees that if their SMSF has two or more annual returns overdue, their regulation details will be removed from Super Fund Lookup (SFLU).

“Removal of your SMSF details from SFLU means your fund will not be able to receive rollovers or establish new contribution arrangements. Until your lodgments are brought up-to-date, your details will not appear on the register,” the ATO stated.

“You will be notified in writing if your SMSF details are removed from the register. We will also remind APRA funds to check the SMSF details on SFLU before progressing rollovers."

Non-lodging SMSFs in ATO’s sights
smsf logo
smsfadviser logo
join the discussion

Why we’ll keep delivering for our communities in the face of COVID-19

alex

As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of SMSF Adviser.

Read more

Latest poll

Do you outsource a part of your business operations?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.