SCC AA minutes, April 2011

7. eSAT

The group held a discussion regarding the use of eSAT and whether auditors of SMSFs should be required to use the tool, including for the lodgment of nil reports. There was also some discussion regarding whether the ATO should link lodgment of an SMSF return with lodgment of an audit report.

Industry representatives all agreed that it should be compulsory to use eSAT to lodge ACRs.

Bob Duncan, ATMA provided positive feedback regarding the tool, but advised that in discussing with his members may people don't know about it.

The ATO agreed to consider current communication about the tool and look for ways to increase awareness. The associations were supportive of promoting eSAT through articles to their members.

Sections within Agenda items

• 1. Open and introductions
• 2. Professional to professional pilot
• 3. 2011 Auditor contravention report
• 4. 2011 SMSF independent audit report
• 5. Low volume auditors
• 6. Appointment of an auditor if no return is required
• 7. eSAT
• 8. Stronger Super
• 9. Other business