ATO confirms lodgement rules won’t apply to deferred returns
The ATO has confirmed that late-lodging SMSFs will still be able to receive employer contributions and rollovers under its new rules if they apply for a lodgement deferral before the due date of their annual return.
In an update posted on its website on Wednesday, the ATO said SMSF trustees would not have their fund details removed from the Super Fund Lookup (SFLU) system if their annual return was late and their accountant or administrator had applied for a deferral to lodge the return ahead of time.
Read more at SMSF Adviser.
