If you have a new self-managed super fund (SMSF), it's important to stay on top of your lodgment obligations.
As a new SMSFs you must lodge your first SMSF annual return (SAR) by 31 October 2026. You also need to appoint an auditor at least 45 days before your lodgment due date.
If you need assistance contact a registered tax agent as soon as possible. This gives them time to include you in their lodgment program, which may extend your due date to 28 February 2027 to lodge your first return.
However, keep in mind that some funds may still be required to lodge by 31 October 2026, even with a tax agent. Be sure to check your registration letter for your specific due date.
If your new fund had no assets
If your fund had no assets during its first year:
- you must lodge a return not necessary form or
- cancel your SMSF registration if you no longer intend to operate the fund.
Ongoing annual responsibilities
Each year, SMSF trustees must:
- prepare your fund’s accounts including valuing your funds' assets
- appoint an approved SMSF auditor at least 45 days before your lodgment due date
- ensure the auditor has sufficient time to complete their independent review
- address any compliance issues identified by the auditor
- lodge your annual return and pay any outstanding tax and the supervisory levy.
Supervisor levy
For new SMSFs, the supervisory levy is $518, covering both the establishment year and the following financial year.
Stay compliant
Meeting your obligations early can help you avoid penalties and ensure your fund remains compliant.
Failing to lodge your SAR on time can result in the compliance status of your SMSF being changed to 'regulation details removed' on Super Fund LookupExternal Link. This may prevent rollovers and employer contributions being made to the fund.
We have further information on your obligations as an SMSF trustee along with Help and support for SMSFs on our website.
You can also explore our interactive online education modulesExternal Link, to build your SMSF knowledge and confidence.
Stay up to date by visiting our SMSF newsroom and subscribingExternal Link to our monthly newsletter.