ATO Community

Re: Employer contribution to regulation details removed fund

Ask a question

Initiate

Views 129

Replies 2

Hi, just wondering if anyone knows what happens to a smsf - who has its regulation details removed due to late lodgments - if they received employer contributions in the bank account? can the smsf received it?

thanks

1 ACCEPTED SOLUTION

Accepted Solutions
Highlighted

Best answer

Devotee Registered Tax Practitioner

Replies 1

If the employer contribution has made it to the bank account, then the fund has received it.

 

The tag is a warning to other fund not to rollover into a fund that has doubtful reg status.

 

2 REPLIES 2
Highlighted

Best answer

Devotee Registered Tax Practitioner

Replies 1

If the employer contribution has made it to the bank account, then the fund has received it.

 

The tag is a warning to other fund not to rollover into a fund that has doubtful reg status.

 

Initiate

Replies 0

Thanks Bruce

Top Solution Authors