ATO points to RBS and SAR changes
The Australian Taxation Office (ATO) has sought to make self-managed superannuation fund (SMSF) trustees aware of changes to reporting arrangements which came into effect from 1 July, this year.
The ATO pointed to changes to contribution reporting for rollovers from 1 July, and the fact that the Rollover Benefits Statement (RBS) was changing along with the SMSF Annual Return (SAR) documentation.
It said that the RBS was changing and that trustees would have to use the new document for all rollovers from 1 July, 2013.
The ATO said the 2014 SAR was also changing and that trustees had to use the new RBS for all rollovers.
It said that from 1 July 2013, all contributions received by a super fund during a financial year must be reported to the ATO by the fund that originally receives the contribution, and not by another fund.
Recommended for you
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.
