November 2020

April 2021

Targeted consultation is being undertaken.

To seek feedback on the development of proposed tax controls over third party data guidance, including obtaining examples of best practice tax controls over third party data.

In July 2015, the ATO published the Tax risk management and governance review guide (the ATO Guide).

Tax governance over third party data is important for superannuation funds and managed investment trusts as the data is used to prepare the entity’s income tax return or distribution statements for beneficiaries.

The tax controls over third party data guidance will supplement the ATO Guide.

• Australian Custodial Services Association
• Financial Services Council
• Association of Superannuation Funds of Australia
• Tax advisers
• Superannuation funds

Tania Peters, Public Groups and International
tania.peters@ato.gov.au
Phone (03) 9275 2351

March 2020

June 2021

Consultation is on hold pending other ATO remediation programs and finalisation of ASIC guidance.

To seek feedback on the proposed content of the draft fact sheet.

The fact sheet explains to individuals the contributions caps implications when a compensation payment from their financial service provider is made to their superannuation fund.

• Superannuation industry bodies
• Superannuation regulators

Rod Profke, Superannuation and Employer Obligations
rod.profke@ato.gov.au
Phone (07) 3213 5814