If the ATO issue fines for non lodgement of a SMSF return, is a newstart allowance suspended, for the trustees?
If Yes, this would result in severe hardship and an instant homelessness situation.
Note that no fraud has been committed in the SMSF and no tax is payable either. Only late lodgement of a return.
Appreciate your reply. Thanks.
If Yes, this would result in severe hardship and an instant homelessness situation.
Note that no fraud has been committed in the SMSF and no tax is payable either. Only late lodgement of a return.
Appreciate your reply. Thanks.