This audit would examine the effectiveness of the Australian Taxation Office’s (ATO) regulation of Self-Managed Superannuation Funds (SMSFs), and include a follow-up audit on employer compliance with Superannuation Guarantee requirements.

Australians generally rely on superannuation as their main asset (other than the family home) to save for their retirement. The ATO’s role in the superannuation system includes regulating and supporting Self-Managed Superannuation Funds to comply with superannuation and taxation laws to safeguard retirement incomes, and to support employers to meet their superannuation obligations.

The ATO corporate plan 2024–25 identifies the maintenance of high levels of compliance across the superannuation system and avoiding any deterioration in performance as a core priority. The ANAO last examined the ATO’s approach to managing SMSFs in 2007, and addressing Superannuation Guarantee non-compliance in 2022.