I am thinking of establishing a self managed super fund.
A friend, who does not have a SMSF, said that there is quarterly reporting requirement to the Australian Taxation Office associated with these funds, and quarterly tax payments.
Can someone who has a SMSF let me know if there is more than just an annual audited tax return to the ATO, and if there is than what are the requirements are. How often per year do you pay tax?
I would appreciate any light you can provide on this matter.
