The Australian Taxation Office (ATO) has issued new guidance for trustees who have recently established a self-managed super fund (SMSF). Trustees are reminded that several compliance steps must be completed by 31 October.
While accountants often provide important administrative support, trustees remain personally and legally responsible for compliance with the Superannuation Industry (Supervision) Act 1993 (“SIS Act”) and regulations. At W & G Lawyers, we work closely with trustees and their accountants to ensure these obligations are understood and properly managed.
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