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2/11/2010 ATO new SMSF verification system

The ATO has provided a new SMSF member verification system that will provide greater transparency around super rollovers from APRA (Australian Prudential Regulation Authority)- regulated super funds into SMSFs.

These super funds and their administrators can now confirm that an individual requesting a rollover to a SMSF is a member of that SMSF.
The ATO states that the new system should:

The ATO has also urged that individuals prepare for this new system.

Posted on 3 November '10 by , under General News.

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