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  • Our new approach to misuse of SMSF auditor numbers

    Since the Australian Securities and Investments Commission (ASIC) introduced self-managed super fund (SMSF) auditor registration and began publishing SMSF auditor names and SMSF auditor numbers (SANs), some SMSF auditors have expressed concern about the potential for their SAN to be misused to facilitate SMSF annual return (SAR) lodgment (SAN misuse).

    In response to written requests, we've provided auditors with a list of SMSFs that have reported them as the auditor on their SAR.

    In most cases, there was no misuse of SANs. Where misuse is identified, we investigate and take action including:

    • imposing penalties
    • disqualifying trustees
    • referring any tax agent involved to the Tax Practitioner's Board or referring them for prosecution.

    As many SMSF auditors may be unaware of the opportunity to request this list, we're taking a proactive approach and providing all SMSF auditors with a list of funds that reported their SAN on SARs for the 2017 income year.

    SMSF auditors can expect to receive these fund lists by email in one of three scheduled mail outs planned for March, April and May. We will investigate any reports of misuse.

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      Last modified: 07 Mar 2019QC 58174