ATOs powers to address SMSF compliance breaches

The ATO has a number of options available to deal with SMSF compliance breaches:

  • Education Directions
  • Rectification Directions
  • Administrative Penalties
  • Enforceable Undertakings
  • Allowing an SMSF to wind-up
  • Disqualifying Trustees
  • Freezing SMSF assets
  • Issuing a Notice of Non-Compliance
  • Civil and Criminal Penalties