SMSF COVID-19 Audit Relief Extended

Erin Robertson • November 10, 2021

The ATO has extended COVID-19 relief for SMSF trustees. The relief measures, which protect trustees from COVID-19 related contraventions of the super laws, now extend from the 2019-20, 2020-21 and 2021-22 financial years. The relief measures provide:



  • Residency relief where the pandemic has prevented members from returning to Australia. This measure prevents the SMSF from breaching the residency conditions to be an Australian super fund.
  • Rental relief where a COVID-19 reduction, waiver or deferral has been provided to a tenant.
  • Loan repayment relief where relief is provided on commercial terms.
  •  In-house asset relief where the SMSF exceeded the 5% in-house asset threshold at 30 June due to the impacts of COVID-19. 

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