Other SMSF Stronger Super Reforms deferred to 1 July 2013

The Government also announced that other Stronger Super Reforms applying to SMSFs will be deferred to 1 July 2013 (previously the intended commencement date was 1 July 2012).

These reforms deal with the power of the ATO to issue administrative penalties to SMSF trustees, the power of the ATO to issue mandatory rectification orders to SMSF trustees and the power of the ATO to require SMSF trustees who have contravened SIS legislation to undergo mandatory trustee education.