Lodge SMSF auditor annual statement

This page provides an overview of the self-managed superannuation fund (SMSF) auditor annual statement, and what SMSF auditors must do to complete it.

All approved and suspended SMSF auditors are required to lodge an SMSF auditor annual statement.

The SMSF auditor annual statement verifies that an auditor continues to meet the conditions of registration.

When do I have to complete the annual statement?

All SMSF auditors must lodge their annual statement within 30 days of their registration anniversary date. It is your responsibility to ensure that you lodge your annual statement before the due date. ASIC will no longer be sending you an email to advise when your annual statement is ready to complete.

Completing your statement using ASIC's Regulatory Portal

You must complete your statement using ASIC's Regulatory Portal. To complete the statement, you'll need to follow the steps below:

If you have not previously registered as a portal user

Before you can access the annual statement on ASIC's Regulatory Portal, you will need to register a portal account at http://regulatoryportal.asic.gov.au

To register you will need to give your name, date of birth, email address and mobile number so we can identify the user of the account. Your email address will serve as your username. We will then send you an email asking you to confirm your email address and directing you to set your password for the portal.

Once you have created and confirmed your password we will direct you to the log in page. You can then enter your username (email) and password to access the portal.

To find an online application, log in to ASIC’s Regulatory Portal and select yourself from the list of entities.

This will take you to your dashboard. Select Start a new transaction. This will take you to a page listing all available transactions. Select ‘Lodge SMSF auditor annual statement’.

This will take you to a landing page for the annual statement. This page contains guidance about the annual statement including information about fees, relevant legislation, privacy etc. At the bottom of the landing page, select the Launch transaction button to start your annual statement.

If you have previously registered as a portal user

Log into ASIC's Regulatory Portal.

This will take you to your dashboard. From the top navigation bar select Transactions and Start a new transaction. This will take you to a page listing all available transactions. Select on ‘Lodge SMSF auditor annual statement’.

This will take you to a landing page for the annual statement. This page contains guidance about the annual statement including information about fees, relevant legislation, privacy etc. At the bottom of the landing page, select the Launch transaction button to start your annual statement.

Questions included in the annual statement

While completing the annual statement, you will be asked a series of questions to ensure you are continuing to meet the conditions of your registration. The questions are similar to those asked during your original application for registration.

You should read each question carefully and consider your answer. If you are unsure whether to disclose information that may be relevant, we recommend you disclose it.

You will be asked to declare that all the information you provide is true and correct. Making a false declaration may result in administrative action being taken against you, which could result in disqualification as an approved SMSF auditor or your registration being suspended.

To help you prepare, we have published a guide to the questions you will be asked when completing your annual statement.

Authorised lodgers

You can authorise another person to complete the SMSF auditor annual statement on your behalf via ASIC's Regulatory Portal.

Supporting documents

In most cases, we will not require you to provide supporting documentation to support your SMSF auditor annual statement. However, in some cases, this may be necessary.

If you do need to provide supporting documentation to ASIC, you should attach those documents to the annual statement when you complete it via the Regulatory Portal.

Extension of time

If you are unable to complete your statement by the due date, you must apply for an extension of time. You can apply online using ASIC's Regulatory Portal.

We will consider your application and determine whether we can grant an extension if:

  • your application was made before your annual statement due date, and
  • the delay in completing the statement was caused by exception circumstances outside your control (such as serious illness or injury).

We can only consider an application if you apply before your annual statement due date. Applications received after this date will be rejected. For example, if you were registered on 15 April, you must apply before 15 May each year in order to have your request for an extension considered.

Failure to complete your annual statement

If you do not complete your annual statement, we may cancel your registration.

We are always looking to improve our information for SMSF auditors so we would like to know what's important to you. Please leave us some feedback.

What's new

New online service for SMSF auditors

ASIC Regulatory Portal - Start, resume or check the progress of an application for registration

Regulatory Guide 243: Registration of self-managed superannuation fund auditors (RG 243)

Checklist - application for registration as an approved SMSF auditor

 

Last updated: 20/10/2014 12:00