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Notes Online Home 2019 Super Schools Day 1 What’s new for SMSF’s
Changes to the 2019 SMSF annual return
In this section of the notes we investigate the changes to the 2019 SMSF annual return. In more detail:
• New reporting requirement for qualified audit reports – Item 6 label B
• New labels to report downsizer contributions made to an SMSF – Sections F and G
• New disclosure requirements for SMSFs that invest in cryptocurrencies – Item 15c
• Changes in reporting income of SMSFs with non-arm’s length expenses – Item 11 label U
• Reporting an outstanding Limited Recourse Borrowing Arrangement (‘LRBA’) amount