ATO extends COVID-19 relief for SMSF trustees

  • ATO extends COVID-19 relief for SMSF trustees

In recognition of the major financial impacts of COVID-19 to Self Managed Super Funds (SMSFs), the ATO has extended COVID-19 relief for SMSF trustees for the current financial year as well (FY 2021-22). This is because of many trustees may find themselves or a related party of the fund providing or accepting certain types of relief which may traditionally have given rise to contravention of superannuation laws.

The COVID-19 health epidemic has also led to many countries placing travel bans and restrictions as well as the possibility that trustees have been stranded abroad for lengthy durations, which could impact the status of a funds’ residency status.

Thus, the ATO has extended the following types of relief previously offered in the 2019-20 and 2020-21 financial years to include 2021-22 as well:

  • SMSF Residency Relief
  • Rental Relief
  • Loan Repayment Relief
  • In-House Asset Relief

Trustees should ensure that the relief is correctly documented and the approved SMSF auditor is provided with evidence to support it for the purposes of the SMSF audit.


Auditax Accountants offer a wide array of Accounting services to businesses throughout Australia.

Small Business

Our Small Business Accounting services include Payroll, Tax Returns, BAS and Bookkeeping. We are Small Business specialists and have helped grow multiple businesses around Australia.


We provide bookkeeping, payroll processing, employer super guarantee and management reporting solutions for businesses with constant support to ensure compliance.

Business Startup

Starting your own business can be daunting, especially with multiple business structures available. We ensure
your business is off to the best possible start.

Tax Returns

Get your Company, Trust, Partnership or Sole Trader Tax Return done with our up-front packages which include filing and providing effective advice to reduce your tax liabilities.
September 26th, 2021|