On 7 August 2012, the following measures were introduced as prescribed operating standards – meaning
that they must be complied with at all times by trustees of self-managed superannuation funds.
During the 2012/2013 income year and beyond, all trustees are:
As the above measures are now operating standards, the ATO now has the power to enforce compliance and convict and fine any individual who intentionally or recklessly contravenes these standards.
Should you require assistance with, or any further information regarding, the compliance of these prescribed operating standards, please contact The SMSF Accountant.
PO Box 105 Bentleigh VIC 3204
If you would like to have an initial consultation about your SMSF requirements, please get in touch.
The SMSF Accountant is a CPA practice
Limited liability by a scheme approved under Professional Standards Legislation
* Client stories are true and correct but details have been changed and stock images used for privacy reasons
Limited liability by a scheme approved under
Professional Standards Legislation