Does an SMSF Need a Separate Register for Related Party Transactions?
Highlights The ATO's record-keeping guidance requires records that explain transactions, but does not describe a dedicated related party register as a stated requirement. A register is a practical tool that gathers dealings with related parties in one place for trustees and the auditor. Strong entries record the parties, terms, market value support and the exception relied on. Does an SMSF need a separate register for related party transactions? The ATO's record-keeping guidance does not desc...
