Event-based reporting

ATO announces which SMSFs will be included in event-based reporting

The ATO has announced that event-based reporting will be limited to SMSFs with members with Total Superannuation Balances of $1 million or more, starting 1 July 2018. This comes after “detailed consultation” with the SMSF sector. SMSFs included in event-based reporting will be required to report events within 28 days after the… Read More »ATO announces which SMSFs will be included in event-based reporting

The ATO is “screwing you over” on event-based reporting, says BGL

The ATO is ‘screwing over’ SMSF professionals with the proposed event-based reporting requirements. BGL recently started a campaign, called #telltheATO, aimed at getting the ATO and Government to rethink superannuation event-based reporting, which will require much more information to be reported and much sooner after transactions occur. Related: SMSF event-based reporting “draconian”,… Read More »The ATO is “screwing you over” on event-based reporting, says BGL

BGL rejects that SMSFs will be slower adopting event-based reporting

BGL, which makes SMSF administration software Simple Fund 360, rejects the suggestion that SMSFs will adopt event-based reporting later than large APRA-regulated super funds. BGL said the suggestion that the SMSF industry would move to more frequent reporting later than APRA-regulated funds was just the large funds taking the opportunity… Read More »BGL rejects that SMSFs will be slower adopting event-based reporting