A discussion paper was issued by Treasury in the first week of July, titled “Three year audit cycle for some self-managed superannuation funds”. Among the more contentious proposals was that trustees should be able to self-assess their eligibility to conduct audits every three years, as opposed to the current standard of a yearly audit. Readmore
Tax & Super Australia Article – Treasury floats idea of SMSF trustees self-assessing eligibility for 3-year audit
