Temporary COVID-19 relief for SMSF trustees ended 30 June 2022

The ATO offered COVID-19 relief and support to SMSFs financially impacted by COVID-19 for the 2019–20, 2020–21 and 2021–22 income years. This included:

• SMSF residency relief
• rental relief (including rental reduction, waiver and deferral relief)
• loan repayment relief, including for limited recourse borrowing arrangements
• in-house asset relief

This relief ended on 30 June 2022. Trustees must now comply with their obligations under the income tax and super laws previously covered by the relief, and approved SMSF auditors must report contraventions to us via the Auditor/actuary contravention report (ACR) where the reporting criteria is met.