In July 2014, Matthew Bambrick, Assistant Commissioner, Self-Managed Superannuation Funds Segment, spoke at a conference and explained what the ATO would be focusing on in terms of SMSF compliance.
In addition to addressing auditor contravention reports and issues found in the SMSF annual return, Bambrick also outlined the ATO’s SMSF hit list for the 2014/2015 financial year:
- Oversees Seminars
- Illegal Early Release
- Exempt Current Pension Income
- Timely Lodgement of SMSF Annual Returns
- Dividend Washing
- Dividend Stripping
- Home Loan Unit Trusts & Residential Property
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