Appointing an SMSF auditor on time

The ATO is reminding SMSF trustees to appoint an approved SMSF auditor to audit their fund each year, no later than 45 days before the SMSF annual return is due. They highlight that an audit is required even if no contributions or payments are made in the financial year, and that the auditor is also required to report certain contraventions to the ATO.