Accounting & Tax Audit Finance Financial Planning Self Managed Super

Alerts to protect SMSFs from fraud

A new system alerting SMSF trustees of changes made to their SMSF will roll out this month. The ATO will alert trustees by text and/or email when changes are made to bank details, electronic service address of the fund, the authorised contact and members.

Trustees need to notify the ATO within 28 days of key changes to the fund including a change in trustees, directors of the corporate trustee, members, contact details, address and fund status.

Latest

News

ATO Reminds Taxpayers about being careful with work related deduction claims

With the 2025 tax season fast approaching the Australian Taxation Office (ATO) is reminding taxpaye ... read more

Economic crossroads: US shrinks, China stimulates, Australia holds steady 

The US economy experienced a notable slowdown in the first quarter of 2025. The latest GDP data sho ... read more

Labor’s victory: unpacking the promises and priorities

As the Labor party settle back into their seats having secured a majority in the House of Represent ... read more