Event based SMSF reporting: Update on frequency

  Gabriela Rusu looks at the ATO’s final position on the event based reporting framework for the SMSF sector, as well as some of the myths surrounding this reporting. Late last year, the ATO released information in relation to how often SMSFs should report events to the ATO that affect an individual’s transfer balance account

[ Read More ]

Events based reporting: What does it mean for SMSF trustees?

The first signs of disquiet in the SMSF sector started not too far into the current income year when confirmation signs started to emerge that the ATO, for the purpose of the then recently introduced transfer balance cap, would soon require SMSF trustees to report certain events on a real-time basis. It is understood that

[ Read More ]