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  • News and alerts

    Keep up to date with the latest news for SMSF trustees and professionals. New information is published here regularly, so be the first to know by subscribing to our Super email updates and RSS news feeds. News articles are generally removed after three months.

    SMSF alerts and monthly newsletter

    • Subscribe to our email news products to receive our:            
      • monthly SMSF newsletter that provides a wrap-up of our latest published news along with useful resources, links and reminders
      • alerts about important information, changes and requirements
       

    To subscribe, simply complete the SMSF News subscription formExternal Link.

    Once you've registered, you will receive each new edition of SMSF News in an email.

    August updates

    16 August 2018
    Law Companion Ruling for the FHSS scheme
    Law Companion Ruling (LCR) 2018/5 First home super saver scheme has been published. It provides guidance on how an individual can boost their savings for their first home within super.

     14 August 2018
    What to do when your member has received an ETB determination
    If you have a self-managed super fund (SMSF), find out what to do if one of your members receives an excess transfer balance (ETB) determination from us, in this step-by-step guide.

    July updates

    10 July 2018
    No changes this year: SMSF independent auditor’s report form
    We only reissue the Self-managed super fund (SMSF) independent auditor’s report form when changes are made. There are no changes to the current form, so SMSF independent auditors can continue to use the version available on our website.

    10 July 2018
    Illegal early release of super
    We have issued a media release warning the public that we have recently seen promoters encouraging people to illegally access their super early.

    June updates

    28 June 2018
    Is establishing an SMSF right for you?
    Practical tips for individuals considering starting up a self-managed super fund (SMSF), based on the recently published Australian Securities and Investments Commission (ASIC) report Improving the quality of advice and member experiences.

    28 June 2018
    SMSFs and one-stop property shops
    Individuals considering a self-managed super fund (SMSF) and current trustees are strongly encouraged to seek independent professional advice from a licensed adviser before establishing an SMSF and before undertaking any new investment in an SMSF.

    25 June 2018
    If in doubt seek professional advice
    In our latest podcast, Deputy Commissioner James O'Halloran, alongside John Maroney, CEO of the SMSF Association, discusses the things self-managed super fund (SMSF) trustees and professionals should look out for ahead of the end of the financial year.

    25 June 2018
    Use of reserves by SMSFs: recording available now
    We ran a webinar on 23 May, to discuss what you need to know about the use of reserves by SMSFs and our compliance approach. A recorded version is now available for those who may have missed it.

    21 June 2018
    SMSF event-based reporting framework starts 1 July
    From 1 July 2018, all self-managed super funds (SMSFs) must report events that affect their members' transfer balances using the Transfer balance account report (TBAR). Read the latest information on our website and ensure you are ready.

    19 June 2018
    Reminder for SMSFs: transitional CGT relief option ends soon
    Self-managed super fund trustees only have until Monday 2 July 2018 to lodge their 2016–17 SMSF annual return, including, where applicable, an election for transitional capital gains tax relief.

    14 June 2018
    SMSF News Alert 2018/3: advice for funds where members have a market-linked pension
    This advice is for self-managed super funds (SMSFs) who have members with market-linked pensions that have been commuted, resulting in the member having a transfer balance account debit of nil.

    14 June 2018
    Highlights: SMSF quarterly statistical report March 2018
    Read the highlights from the March 2018 quarterly statistical report on SMSFs.

    13 June 2018
    SMSFs to provide an accumulation phase value in certain circumstances
    SMSFs will need to provide an accumulation phase value (APV) on a transfer balance account report (TBAR) for 30 June 2017 if the SMSF member has no interest in the accumulation or retirement phase at any time of the year.

    7 June 2018
    Self-managed super fund annual return changes in 2017-18
    Following the super changes that came into effect on 1 July 2017, there are a number of changes to the 2017-18 Self-managed super fund annual return (SAR).

    Previous updates

    30 May 2018
    Super changes webinar: recording available now
    We ran a webinar on 10 May 2018 to highlight what self-managed super fund trustees and members need to know and do leading up to 30 June 2018, now that the super changes are in place. A recorded version is now available for those who may have missed it.

    30 May 2018
    New look SMSF news service
    We have refreshed the look of our self-managed super fund (SMSF) news and alerts area on our website and our monthly newsletter, SMSF News. Make sure you're subscribed to both of these services so you're the first to know about new and important information that may affect your SMSF.

    29 May 2018
    If your SMSF receives SG contributions you need an ESA
    All SMSFs receiving super guarantee (SG) contributions need to have an electronic service address (ESA). Find out how to get one, what they are used for and how to avoid common errors.

    28 May 2018
    Consultation on super housing affordability measures
    We seek your comments on draft Law Companion Rulings (LCRs) on the super housing affordability measures by 21 June 2018.

    1 May 2018
    What the super housing measures mean for SMSFs
    Self-managed super fund (SMSF) members will be able to use their voluntary super contributions to buy their first home or make a contribution into their super from the proceeds of the sale of their main residence

    30 April 2018
    ATO starts issuing ETB tax assessments
    Earlier this month, we started issuing excess transfer balance (ETB) tax assessments to self-managed super fund (SMSF) members, or their agents, who had previously received an ETB determination and rectified the excess.

    27 April 2018
    Deadline approaching for 2016–17 SMSF annual returns
    Now is the time to be preparing your 2016–17 self-managed super fund (SMSF) annual return.

    24 April 2018
    SMSF Assist website to close
    The SMSF Assist website will no longer be accessible from July 2018.

    20 April 2018
    SMSF leadership change
    Kasey MacFarlane, Assistant Commissioner (AC), Self-managed super funds (SMSF), has transferred to our Private Groups and High Wealth Individuals area. Tara McLachlan, from our Tax Counsel Network will act in the AC role until we welcome Dana Fleming, currently with KPMG, on 2 July 2018.

    18 April 2018
    Highlights: SMSF quarterly statistical report December 2017
    The December 2017 quarterly SMSF statistical report is now available.

      Last modified: 16 Aug 2018QC 55645