Etairos Accounting and Finance
we guide you to a better future
Etairos Accounting and Finance
Strength in Numbers
Interested to know how an SMSF
can work for your future?
Are you looking for something better from your
Accounting and Finance experience?

Deferral of lodgment date for SMSF annual returns

Added on by

 

The ATO has deferred the due date for lodgment of self-managed superannuation fund (SMSF) annual returns for the 2016–17 financial year. The new deadline for lodgement of these returns is now 30 June 2018.

Commenting on the announcement, Deputy Commissioner James O'Halloran said: "Recognising the crucial considerations and decisions that SMSFs and their advisers need to make in this first year, we have sought to reduce some of the burden of SMSF compliance work by extending the due date for 2016–17 SMSF annual returns. "The extended lodgement timeframe also means that all SMSFs who are eligible for transitional CGT relief as a result of the $1.6 million transfer balance cap will have additional time to consider and make relevant elections before the due date for lodgment of their 2016–17 SMSF annual return."

As the deferred due date of 30 June 2018 falls on a Saturday, lodgment of the 2016–17 SMSF annual returns can be made on the next business day, Monday, 2 July, without penalty.

(Source: ATO)

Latest from the blog

Federal Budget 2022 05 April 2022

The Federal Treasurer, the Hon. Josh Frydenberg MP, delivered his latest Federal Budget on 29 March 2022. The Budget papers include a number of... READ MORE

Payroll & Superannuation changes 08 June 2021

 Payroll & Reporting to ATO  Do you pay wages to employees ? Do you pay wages to yourself ? If you answered yes to... READ MORE

Federal Budget 2021 06 October 2020

Federal Budget Summary The Federal Treasurer, Mr Josh Frydenberg, handed down the Government’s delayed 2021 Budget last night – 6 October... READ MORE

“I wouldn't own my home if not for Jaeneen and her passionate and genuine attitude. I would highly recommended her to anyone.” more testimonials

Skye Frost, Varsity Lakes

Call  1300 55 22 30  now