Understanding the SMSF Supervisory Levy: What it is and Why it Matters | ATO Requirements
If you’re a trustee of a self-managed super fund (SMSF), it’s important to understand your legal obligations, including the payment of the SMSF supervisory levy. This annual fee, determined by the Australian Taxation Office (ATO), covers the costs of regulating and overseeing the SMSF sector, ensuring that these funds are being managed responsibly and in line with the law. Failure to pay the SMSF supervisory levy can result in penalties and fines, so it’s crucial to stay up-to-date on your obligations as an SMSF trustee.