Audit / Professionals / SMSF / SMSF Compliance / Trustee education

Greater enforcement to rectify contraventions a key part of the new SMSF landscape

The powers provided to the Australian Taxation Office (ATO) to deal with issues of non-compliance by SMSF trustees has been reasonably inadequate, something that was acknowledged by the Cooper Review Panel as part of the Super System Review. ¬†The ATO in many respects had been known to have two options in dealing with trustee contraventions: … Continue reading »