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New ATO powers to decrease SMSF 'delinquency'

Plans to increase the power of the Australian Taxation Office (ATO) to penalise self-managed superannuation funds (SMSFs) on a sliding scale will provide a more nuanced way of penalising 'delinquent trustees', according to Superannuation Australia's Reece Agland.

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Read more: New ATO powersReece AglandSPAASuperannuation AustraliaAndrea SlatteryAustralian Taxation OfficeCooper ReviewSMSF ProfessionalsRegulatoryAssociation