Thank you for your reply in relation to my query. I am currently under a PAYG system with the ATO for my business that I just sold to which I rolled the sale proceeds over into my SMSF.
I was asuming this PAYG set up will remain the same, however I will contact the ATO and advise them that the income source has changed and check to see if I have to re-register.
I was a primary producer in my last business so I only had to report my PAYG for the 3rd and 4th quarters. I'm sure they would want me change to quarterly reporting as things have changed.
