What Happens if You Breach SMSF Superannuation Laws? (July 2025)

Relevant For:

SMSF trustees and individuals considering setting up an SMSF.

 Key Points:

• SMSF trustees must meet strict legal obligations, including audits, valuations and investment rules.
• Breaches (contraventions) must be reported to the ATO within 28 days by the auditor.
• Prompt correction is essential; using the ATO’s voluntary disclosure service can help mitigate penalties.
• The ATO can impose serious penalties: fines, disqualification, asset freezing and even criminal charges.
• Professional advice should be sought immediately to preserve compliance and trustee integrity.

Full Article:

Establishing a self managed super fund (SMSF) can be an attractive