AdviserVoiceSMSFs that breach their obligations – penalties often apply - AdviserVoice https://www.adviservoice.com.au/2016/03/smsfs-that-breach-their-obligations-penalties-often-apply/ Financial planner information & financial planner education/CPD - AdviserVoice Thu, 11 Jun 2026 21:30:14 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 SMSFs that breach their obligations – penalties often apply https://www.adviservoice.com.au/2016/03/smsfs-that-breach-their-obligations-penalties-often-apply/ https://www.adviservoice.com.au/2016/03/smsfs-that-breach-their-obligations-penalties-often-apply/#respond Wed, 30 Mar 2016 20:45:08 +0000 https://adviservoice.com.au/?p=42402 Being in control of a superannuation fund does not come without responsibilities or obligations and the ATO is now able to hit trustees where it hurts the most (their wallet!) if they forget this.

If a trustee breaches any of the sections in the below table, the ATO can impose a fine which is payable by all of the trustees (even by those who did not participate in the breach) out of their own pocket.

016b-ATO-penalties---dist-30-march-1
]]> Being in control of a superannuation fund does not come without responsibilities or obligations and the ATO is now able to hit trustees where it hurts the most (their wallet!) if they forget this.

If a trustee breaches any of the sections in the below table, the ATO can impose a fine which is payable by all of the trustees (even by those who did not participate in the breach) out of their own pocket.

016b-ATO-penalties---dist-30-march-1

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