SMSF Regulation Details Removed
A quick reminder on the importance of staying up to date with your SMSF obligations. If your SMSF annual returns are 2 weeks overdue, your regulation details can be removed on the first business day of the month.
Once you lodge your overdue annual returns, your regulation details will be updated on one of the following:
- first day of the month OR
- 15th calendar day of the month OR
- first business day after these dates
Your fund’s updated status will be displayed on the Super Fund Lookup website (SFLU) the following day.
If you forget or fail to make your annual Australian Securities & Investments Commission payment (ASIC) and your fund’s corporate trustee is de-registered by ASIC, the fund’s regulation details will be removed on the 15th business day of the month following deregistration. Funds regulated by the Australian Prudential Regulation Authority (APRA) will not be able to make rollovers to funds that have regulation details removed.