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Changes to SMSF levy

Dec 05, 2012

Tags: SMSFSuper

From 2013/14 year, Self Managed Super Funds will have to pay the annual levy earlier and also pay more for the privilege.
On 22 November 2012, Superannuation Legislation Amendment (MySuper Core Provisions) Bill 2012 was passed by the Senate with two Government amendments relating to the commencement of the Act.
Newly registered self-managed super funds (SMSFs) must lodge their Self-managed super fund annual return by 28 February 2013.
On 22 November 2012, Superannuation Laws Amendment (Capital Gains Tax Relief and Other Efficiency Measures) Bill 2012 and the Superannuation Auditor Registration Imposition Bill 2012 were passed by the Senate without amendment.
ASIC has released a consultation paper Competency standards for auditors of self-managed superannuation funds (CP 192) on the proposed self-managed super fund (SMSF) auditor competency standards.
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