What are the penalties for late lodgement of SMSF annual returns?

SMSF Frequently Asked Questions
1

Late lodgement can result in:

  • Administrative penalties (up to $1,100+ per trustee per breach),

  • The SMSF being marked as “non-complying” on ATO records,

  • Trustees being personally fined or even disqualified for repeated breaches.
    The ATO also has the power to freeze SMSF assets in extreme cases.