You need to give us your GPFS on or before the day you are required to lodge your income tax return. Your GPFS must be for the financial year most closely corresponding to your income year.
If you are unable to meet GPFS lodgment deadlines due to exceptional and unforeseen circumstances, you can request a GPFS lodgment extension by emailing us at GPFS@ato.gov.au.
Application of failure to lodge penalties
If you fail to give us a GPFS in the approved form on or before the due date for the lodgment of your income tax return, you may be liable to failure to lodge on time penalties. These are significantly higher for SGEs than for other entities. These penalties may apply irrespective of any penalty imposed under the Corporations Act.
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