Senate debates

Wednesday, 11 September 2019

Questions without Notice

Superannuation

2:41 pm

Photo of Cory BernardiCory Bernardi (SA, Australian Conservatives) Share this | Hansard source

Minister, I raised in Senate estimates last October further evidence of the ATO's heavy-handed regulation of SMSFs, and the commissioner undertook to revisit the ATO's program of establishment queries and, not knowing when it was last reviewed, undertook to 'look at the process to make sure it's fit and proper, as the ATO don't want people thinking this is somehow an inquisition of them'. Minister, this latest action by the ATO makes many in SMSFs feel like there is an inquisition. Has the ATO review been done? If so, what were its key findings and how will they affect ATO practices and SMSF red tape going forward?

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