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. 

April 9, 2026
When selling a business—or even a slice of one—how you value the assets involved can have a major impact on the tax bill.
April 8, 2026
As Fringe Benefits Tax (FBT) lodgement season approaches, family businesses should carefully review the perks they provide to working directors and family members.
By Wright Partners Client April 8, 2026
The Better Targeted Superannuation Concessions measure (known as the Division 296 tax) is now law and takes effect from 1 July 2026.
By Wright Partners Client March 10, 2026
The Fringe Benefits Tax (FBT) year ends on 31 March. We’ve outlined the hot spots for employers and employees.
March 8, 2026
The ATO has issued a Draft Taxation Determination TD 2026/D1 which looks at how inherited family homes are treated for CGT purposes
By Wright Partners Client March 7, 2026
Self managed superannuation funds (SMSFs) can offer significant flexibility, allowing the members to make investments and enter arrangements that may not be available through retail or industry superannuation funds.
By Wright Partners Client March 5, 2026
Running a business from home—whether as a sole trader, freelancer, or small operator—has many perks.
By Wright Partners Client March 4, 2026
Running a successful business is hard work
February 16, 2026
When clients sell a long-held family home, they may be able to channel part of the proceeds into superannuation by using the downsizer contribution rules.
February 16, 2026
As a business owner or investor, time is always tight...
Show More