Is an SMSF required to lodge a qualifying audit Part B if the return is lodged late?

 Author: JayATO(Community Support)Community Support

17 Apr 2026

Hi @gobakatuwal2160,

No, an SMSF is not required to lodge a qualifying audit Part B simply because the return is lodged late. The audit requirements for an SMSF remain the same regardless of when the return is lodged.

All SMSFs must have their financial accounts and statements audited each year by an approved ASIC-registered auditor. The auditor must complete both a compliance audit and a financial audit. This requirement applies even if no contributions or payments are made during the financial year.

You must appoint your SMSF auditor no later than 45 days before you need to lodge your SMSF annual return. The audit must be complete before you lodge your return, as you'll need information from the audit report to complete the return.

Lodging late can have consequences for your fund. If your lodgment is overdue, your Super Fund Lookup status may change to 'regulation details removed'. This can restrict your SMSF from receiving rollovers and employer contributions, penalties can be applied, and SMSF tax concessions can be lost.

Reply0 likes

• Report as inappropriate