ATO acting assistant commissioner, SMSF segment, Steve Keating said that, for the 2019–20 financial year, the ATO processed over 22,000 new SMSF registrations.
Read more at the Accountants Daily.
Surge in SMSF establishments raises alarm for ATO
A double-digit surge in self-managed superannuation fund registrations during the peak of the COVID-19 crisis will lead the ATO to scrutinise newly established funds for signs of illegal early release.
