Extension of due date for lodgment of SMSF returns
The ATO has announced that it will extend the due date of lodgment of self-managed superannuation fund (SMSF) annual returns for 2015/16 to 30 June 2017.
Deputy Commissioner James O’Halloran said the ATO has made this decision as a result of feedback received from professional and industry representatives.
“We have heard that many accounting and advisory firms are stretched to meet their usual annual SMSF lodgment commitments, in addition to providing advice to their clients about the superannuation changes taking effect on 1 July,” he said.
“An extension to SMSF lodgement deadlines provides breathing space — but it doesn’t remove trustee responsibility.”
About the author
Cayle Petritsch - Director & Wealth Advisor
Cayle Petritsch, Director and Wealth Advisor, works with our existing clients who have recognised the importance of business owners making strategic financial choices not only for their company, but for their personal finances too.
Cayle saw a great opportunity to expand North Advisory’s services into SMSF/superannuation, personal wealth management, asset protection services and other crucial personal finance facets that business owners need to consider.
His approach to wealth management allows you to receive highly personalised wealth advice. Working closely with Marius, Cayle understands the unique needs of every client, from their lifestyle and business goals to their retirement plans.
Key Takeaways
Extensions Provide Flexibility, Not Exemptions
Trustees remain fully responsible for accurate and compliant SMSF reporting.
Eligibility Must Be Confirmed
Not all SMSFs automatically qualify for lodgement extensions.
Payment Obligations May Still Apply
Extended lodgement dates do not always change tax payment deadlines.
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Frequently Asked Questions
What does an extension of the SMSF lodgement due date mean?
It means the ATO has allowed SMSF trustees additional time to lodge their annual return without incurring late lodgement penalties.
Why was the SMSF lodgement deadline extended?
Extensions are typically granted due to widespread disruptions or administrative challenges affecting trustees, accountants or auditors.
Does an extension apply to all SMSFs?
Extensions often apply to specific groups of SMSFs, such as first-year funds or those meeting certain criteria. Eligibility should always be confirmed.
Does the extension affect payment of tax liabilities?
Not necessarily. Even if lodgement is extended, any tax payable may still be due by the original payment deadline.
Should trustees still aim to lodge early?
Yes. Lodging early helps identify issues sooner and reduces the risk of compliance problems or delays.
“Does this extension mean I should wait until the last minute to lodge my SMSF return?
Not necessarily. The extension gives more time, but it’s still best to lodge as soon as you can — especially if you want to avoid delays, manage compliance properly, and stay on top of any super changes impacting your fund.
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