If your SMSF does not have assets set aside for the benefit of members in the first financial year it was registered you may be eligible for an RNN.
We only consider RNN requests if the SMSF confirms it has commenced operating at the time of the request and provides evidence of the date the fund first held assets. Funds who did not receive assets in the second or subsequent financial years will need to cancel the fund’s registration and apply for a new SMSF when assets are available to be transferred or contributed.
To apply for an RNN you must confirm in writing that your fund:
- had no assets and did not receive contributions or rollovers in the first financial year
- has documentary evidence of the date it first held assets and started operating, and provides this with the request
- will be lodging future returns.
Reminder
RNN requests are required to be lodged prior to the SMSF annual return (SAR) lodgment due date. This allows time to review and process the request allowing your fund to retain its complying status.
Failure to lodge on time can result in the compliance status of your SMSF on Super Fund LookupExternal Link being changed to 'regulation details removed' which may prevent rollovers and employer contributions being made to the fund.
Further information on SAR due dates and RNN lodgment methods is available at Lodge SMSF annual returns for Trustees or Super lodgment for Tax Agents.
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