Date of article: 4 September 2020
Last updated: 4 September 2020
The Australian Taxation Office (ATO) has said that it will change the status of a SMSF on Super Fund Lookup (SFLU) (https://superfundlookup.gov.au/) to 'Regulation details removed' if the SMSF is more than two weeks overdue on any Annual Return (Tax Return) lodgement. The SMSF will remain with this status until all overdue lodgements have been brought up to date.
Having a status of ‘Regulation details removed’ means:
We have also notice some financial institutions are checking the SFLU and may not allow new accounts to be opened, or place restrictions on existing accounts of SMSF with 'Regulation details removed'.
Self-managed Superannuation Fund Annual Return (Tax Return) are due:
Newly registered SMSFs For the SMSF's first year:
Following years For the SMSF's subsequent year:
If you have outstanding tax returns, we can help you get back on track with the lodgement of your SMSF's tax returns and regulation details reinstated.
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