The interim period for the new director identification number regime will see the ATO concentrate on education in situations of non-compliance.

The ATO has acknowledged instances of applications for a director identification number being rejected are likely to be very rare.

The requirement for SMSFs to use the SuperStream system to process member rollovers has made prudent fund management more critical.

Superannuation trustees have been provided with more information by the ATO to address some of the common issues with SuperStream.

The ATO has released a detailed guide for individuals interested in establishing an SMSF, pointing out the importance of professional advice in the process.

The ATO has warned individuals to remain vigilant following an increase in cold-calling scams focused around SMSFs.

The number of practitioners failing to meet their obligation as trustees to lodge the fund’s annual return on time is of concern to the ATO.