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Trustee reporting obligations checklist

Posted on November 8, 2018 by admin

Trustees must comply with reporting obligations to avoid penalties from the ATO.

The following trustee reporting checklist to make sure you are stress-free at tax-time.

Trustees must:

  • Value the funds’ assets at their market value at 30 June
  • Pay any minimum annual income stream payments required under super laws
  • Get an actuarial certificate if required
  • Prepare the fund’s end of year financial accounts and statements
  • Appoint and approve a SMSF auditor not more than 45 days before the SMSF annual return is due
  • Lodge your SMSF annual return by the due date
  • Lodge your transfer balance account reports if required
  • Review the fund’s investment strategy and document the review
  • Maintain all the fund’s records as required under super law

Contact Us

You can contact us at the following:

Office Location
Suite 4, 12 Tindale Street,
PENRITH NSW 2750

Mailing Address
Suite 4, 12 Tindale Street,
PENRITH NSW 2750

Phone: 02 4721 7444
Fax: 02 4721 7755
Email: wmw@wmwright.com.au

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