Hi All,
Is a rollover benefit statement (without a paper application being lodged) considered as adequate audit evidence in lieu for Invalid Rollovers In via Superstream?
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Hi Yuvraj
If the SuperStream rules have not been complied with there is a breach of SIS regulation 6.17.
From ATO auditor compliance guidance:
“It also includes obtaining evidence that the trustees have complied with the SuperStream rules in the SISR for rollovers to, and from, a SMSF from 1 October 2021. A failure to do so is a contravention of regulation 6.17.”
Thanks
The Auditors Institute