ATO offers free SMSF seminars
The Australian Taxation Office (ATO) has begun mass mail-outs inviting people to attend free seminars on running self-managed superannuation funds (SMSFs).
The letters remind recipients that the law imposes strict obligations on the trustees of SMSFs and says the seminars will “provide an in-depth look at the rules and regulations that govern super with respect to SMSFs, and it will help you understand what you need to do to meet those obligations as a trustee”.
The letter makes clear that the seminars are intended for trustees who have been running their own funds for more than 18 months or who have outsourced a considerable amount of the management of the fund.
It quite specifically states that the seminar is “not intended for new trustees, or those individuals thinking of starting an SMSF”.
AUTHOR
Mike Taylor
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