Protracted member exits are beginning to be treated more severely by the ATO as it becomes a growing issue across the SMSF sector.

The ATO has issued warnings to SMSF trustees who have failed to comply with SAR deadlines and has discovered auditors are making a common ACR mistake.

The ATO will offer priority assistance to SMSF practitioners seeking a deferral arrangement for the lodgement of SMSF annual returns.