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Three-yearly audit cycle for some SMSFs

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Published on 03 Sep 18 by THE TAX INSTITUTE

The Tax Institute welcomes the invitation to make a submission to Treasury in relation to the ‘Three-yearly audit cycle for some self-managed superannuation funds’ Discussion Paper dated July 2018 (Discussion Paper). The Tax Institute does not support the proposal for a three-yearly audit cycle for SMSFs and has detailed the reasons within this submission. The Institute considers other alternatives should be investigated to achieve the objectives of reducing red tape and compliance burdens for SMSF trustees. 

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