News : ATO

ATO, Compliance, Contributions, Strategy

ATO lag delaying contribution strategy

Delays in processing contribution reserving notifications have continued despite the ability to complete the process online.

Delays in processing contribution reserving notifications have continued despite the ability to complete the process online.

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ATO, Auditing

SAR modified for audit data capture

The 2026 SMSF annual return has been modified with new labels to improve the information the ATO has about yearly fund audits.

The 2026 SMSF annual return has been modified with new labels to improve the information the ATO has about yearly fund audits.

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ATO, Superannuation, Tax, TPB

Call for tax admin review feedback

The Tax Ombudsman is calling for feedback on several possible tax administration issues that have been identified as areas of review.

The Tax Ombudsman is calling for feedback on several possible tax administration issues that have been identified as areas of review.

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ATO, Compliance

New disqualified person category invoked

A new category of disqualified person relating to SMSF trustees has been added to address unpaid compensation for victims of criminal behaviour.

A new category of disqualified person relating to SMSF trustees has been added to address unpaid compensation for victims of criminal behaviour.

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ATO

Call to improve tax agent services

The tax ombudsman has made three major recommendations to the ATO in order to improve the regulator’s digital services for agents.

The tax ombudsman has made three major recommendations to the ATO in order to improve the regulator’s digital services for agents.

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ATO, Contributions, Documentation, SMSF

ATO affirms establishment cost claim rules

The ATO has affirmed trustees can pay for SMSF set-up costs, but has noted the limits as to when that will be viewed as a member contribution.

The ATO has affirmed trustees can pay for SMSF set-up costs, but has noted the limits as to when that will be viewed as a member contribution.

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ATO, Auditing

ATO outlines SMSF audit focus

The ATO will look at valuation evidence and the processes auditors use to review SMSFs as part of its compliance work during this financial year.

The ATO will look at valuation evidence and the processes auditors use to review SMSFs as part of its compliance work during this financial year.

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ATO, LRBA, SMSF

ATO releases LRBA change guidance

ATO releases LRBA change guidance

The ATO has released guidance regarding the use of LRBAs before and after a partial ban on them comes into effect in August.

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ATO, Superannuation

ATO affirms medical early release rules

The ATO has outlined the extent of its discretion to allow access to super to pay for medical expenses, noting the law is limited in its application.

The ATO has outlined the extent of its discretion to allow access to super to pay for medical expenses, noting the law is limited in its application.

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ATO, Documentation

SAR failures linked to missing information

Incorrect or missing information is a common cause of problems with SMSF annual returns and more care should be taken before lodging them.

Incorrect or missing information is a common cause of problems with SMSF annual returns and more care should be taken before lodging them.

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