Failing to lodge a SAR on time can result in the compliance status of an SMSF on Super Fund Lookup being changed to “regulation details removed”, which may result in rollovers and employer contributions not being made to the fund.
If an SMSF had assets, such as super contributions or other investments as of 30 June 2024, trustees will need to lodge an SMSF annual return for the 2023–24 financial year.
Trustees should refer to the 2024 SAR instructions or contact a registered tax professional as soon as possible if they need help lodging their SAR.
If the fund does not have any assets, trustees need to either make a return not necessary request or cancel their fund’s registration if they no longer wish to have an SMSF.
Trustees can review the Trustee reporting obligations checklist or visit SMSF support services for help.
