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  • Reporting additional members on your SAR

    From 1 July 2021, the maximum number of members for self-managed superannuation funds (SMSF) and small Australian Prudential Regulation Authority (APRA) funds increased from 4 to 6.

    This means if you have increased the number of members in your SMSF or Small APRA fund (SAF) you will be able to report up to 6 members on your 2021–22 and later SMSF annual returns (SAR).

    Reporting additional members in your SAR will not update the fund’s trustee/membership details on the Australian Business Register. If you have not already notified us of any additional members that have been added to your SMSF you will need to do this.

    • Remember when lodging your annual return: If a due date falls on a weekend or public holiday you can lodge or pay on the next business day.
    • Failure to lodge by the due date can result in penalties and the loss of your SMSF’s tax concessions.
    • If you need to amend your SAR, you will need to resubmit the whole return. Make sure you answer 'yes' in section A at question 5, 'Is this an amendment to the SMSF's annual return?'.

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      Last modified: 18 May 2022QC 69624