If your self-managed super fund (SMSF) had assets, such as super contributions or other investments as of 30 June 2024, you will need to lodge a SMSF annual return (SAR) for the 2023–24 financial year. The SAR is more than a tax return. It's a requirement to report super regulatory information, member contributions and pay the SMSF supervisory levy. Refer to the 2024 SAR instructions for information.
If your fund doesn't have any assets, you need to either make a return not necessary, request or cancel your fund's registration if you no longer wish to have an SMSF.
Failing to lodge your SAR on time can result in the compliance status of your SMSF on Super Fund LookupOpens in a new window being changed to 'regulation details removed' which may prevent rollovers and employer contributions being made to the fund.
If you lodge your SAR through a tax agent, you may have up to the 15 May to meet your lodgment obligation – your agent can confirm this. Make sure you provide your agent with all the information they need to lodge your return well before the due date. You should contact your agent early to make sure they can lodge on time as an extension may not be granted if you have not provided the information in a timely manner. For more information, see Super lodgment.
If you've engaged a new tax agent, you'll need to nominate them to confirm they're the authorised representative for the fund. For further guidance, see How to nominate your registered agent.
Another key trustee responsibility is appointing an approved SMSF auditor no later than 45 days before you need to lodge your SAR. Before you lodge, your SMSF's audit must be finalised and the SAR must contain the correct auditor details.
When lodging your SAR, we encourage you to report your Australian business number (ABN), so our systems match your members correctly.
For more information, see Trustee reporting obligations checklist or SMSF support services.
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