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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.

    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.

    June updates

    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).

    May 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.

    21 May 2018
    Webinar for SMSF professionals – use of reserves
    We're holding a webinar on 23 May to discuss our view on the use of reserves by self-managed super funds (SMSFs) and our compliance approach.

    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

    April updates

    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.

    March updates

    15 March 2018
    New advice and guidance product: SMSF Regulatory Bulletin
    We have created a new public advice and guidance product specifically for SMSF trustees and their advisors, called an SMSF Regulator's Bulletin (SMSFRB). Our first SMSFRB, about the use of reserves by SMSFs, is now available.

    1 March 2018
    Transfer balance cap update, four months out
    With only four months to go until self-managed super funds (SMSFs) need to report to us when an ‘event’ occurs that affects a member's transfer balance, we want to update SMSF trustees and professionals about:

    • Excess Transfer Balance (ETB) determinations 
    • tips for completing the Transfer balance account report (TBAR)
    • our online transfer balance account (TBA) information.

    Previous updates

    27 February 2018
    Your SMSF: set it up right
    To make sure a new self-managed super fund (SMSF) is set up the right way, we have updated our information to help out SMSF trustees and professionals.

    26 February 2018
    SMSF auditors – what you need to know now
    We would like to update self-managed super fund (SMSF) auditors, trustees and professionals about our compliance work with SMSF auditors.

    15 February 2018
    SMSF news alert: Guidance for SMSFs about transitional capital gains tax (CGT) relief
    Further information about transitional capital gains tax (CGT) relief for self-managed super fund (SMSF) trustees and professionals is now available on our website.

    22 January 2018
    SMSF Alert: Deferral of lodgment due date for 2016–17 SMSF annual returns
    The ATO has deferred the due date for lodgment of self-managed superannuation fund (SMSF) annual returns for the 2016–17 financial year. The new deadline for lodgment of these returns is now 30 June 2018.

    5 December 2017
    ATO to start sending Excess Transfer Balance Determinations from January 2018
    From January 2018 we will start sending Excess Transfer Balance (ETB) Determinations to individuals who have exceeded their transfer balance cap and not rectified the excess.

    5 December 2017
    Event-based reporting: What it means for you
    Following our announcement on 9 November 2017 on when self-managed super funds (SMSFs) need to report events affecting their members’ transfer balance, we have developed this article you can use as a quick reference guide.

    27 November 2017
    Removal of the anti-detriment provision from 1 July 2017
    An anti-detriment payment (also called the tax saving amount) is an additional lump sum amount that may be paid to an eligible dependant when a lump sum death benefit is paid. The payment represents a refund of the 15% contributions tax paid by the deceased member over their lifetime. The anti-detriment provision has now been removed with effect from 1 July 2017.

    27 November 2017
    Don’t risk your retirement savings
    We have identified a range of new arrangements that are directed towards minimising or avoiding tax. They are designed to help individuals and other related entities to minimise their tax bill by channelling money inappropriately through self-managed super funds (SMSFs).

    10 November 2017
    Lodgment obligations for SMSF trustees in pension phase
    Earlier this year, we contacted self-managed super funds (SMSFs) that have failed their regulatory obligations by not lodging multiple SMSF annual returns while clearly remaining active.

    7 September 2017
    Got questions? Our online community has answers
    If you need help with tax or super, save yourself a phone call and get help online at a time that suits you by visiting ATO CommunityExternal Link.

     

      Last modified: 21 Jun 2018QC 55645