Are SMSF Trustees Ready When the ATO Sends an Information Request?
Highlights Readiness depends on organised records kept in an accessible format. A request names what is needed and a response period, so early triage helps. Cooperation and honesty influence how the regulator responds. SMSF trustees are ready for an SMSF ATO information request when the trust deed, minutes, accounts, bank records, valuations and member details can be produced quickly, in English and in a verifiable format. Readiness also means knowing who responds, checking the request carefu...