Hi all, this is a great link that provides much more detail and colour on the new SMSF penalty regime the ATO is implementing from 1 July 2014. There is a webinar that explains the actions ATO has at its disposal and also some case studies of common problems Trustees encounter. https://www.ato.gov.au/Super/Self-managed-super-funds/In-detail/News/SMSF-News/SMSF-News---edition-31/?tpissue-32-2014=&page=2#Free_education_for_SMSF_trustees_and_professionals