From www.smsfadviser.com: The ATO has reminded SMSF trustees that they must make their minimum pension payments by 30 June for members receiving account-based pensions initiated after 20 September 2007.

Failure to complete these payments may lead to adverse taxation consequences for the member.

The ATO has urged SMSF auditors to utilise online services to monitor potential misuse of auditors’ SANs, highlighting recent findings of both deliberate and inadvertent SAN misuse cases.