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Understanding ATO’s new admin penalty approach
With the ATO recently releasing new guidance on SMSF administrative penalties, technical specialists have flagged common mistakes that trustees should steer clear from.
Last year, the ATO released Practice Statement Law Administration PSLA 2020/3 to guide its staff on how to apply administrative penalties imposed on SMSF trustees under subsection 166(1) of the Superannuation Industry (Supervision) Act 1993 (SIS Act).
Read more at SMSF Adviser.
