Trustee reporting obligations checklist

Trustees must comply with reporting obligations to avoid penalties from the ATO.

The following trustee reporting checklist to make sure you are stress-free at tax-time.

Trustees must:

  • Value the funds’ assets at their market value at 30 June
  • Pay any minimum annual income stream payments required under super laws
  • Get an actuarial certificate if required
  • Prepare the fund’s end of year financial accounts and statements
  • Appoint and approve a SMSF auditor not more than 45 days before the SMSF annual return is due
  • Lodge your SMSF annual return by the due date
  • Lodge your transfer balance account reports if required
  • Review the fund’s investment strategy and document the review
  • Maintain all the fund’s records as required under super law

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