Self-Managed Super Fund (SMSF) status

What does 'Election to be regulated is being processed' mean?

An election to be a regulated Self-Managed Super Fund (SMSF) has been received by the ATO.

The ATO undertakes checks on all entities which elect to be regulated by the ATO. These checks are undertaken before any entity is recorded on Super Fund Lookup as an ATO-regulated SMSF. This takes up to seven days to complete.

Other super funds cannot make transfers or rollovers to the entity until it becomes a regulated SMSF.

What types of status are used?

The ATO uses three different status types to describe SMSFs:

  • Registered – status not determined
  • Complying
  • Non-complying.

What does a status of 'Registered – status not determined' mean?

A 'Registered – status not determined' SMSF:

  • is eligible to receive rollovers and transfers
  • is regulated by the ATO
  • has not been issued with a Notice of Compliance or a Notice of Non-compliance.

The ATO will issue a notice about the fund's complying status after the fund has lodged its first SMSF annual return and the fund has been determined to be 'complying' or 'non-complying'.

SMSFs with the status of 'Registered – status not determined' are able to accept transfers, rollovers, directed termination payments and contributions.

Funds displayed with this status that meet Superannuation Industry (Supervision) Act 1993 External site (SISA) standards qualify for concessional tax rates.

Employers may need to obtain a written statement from the SMSF that it is a resident regulated SMSF to ensure a contribution to this fund qualifies as a superannuation guarantee payment.

What is the difference between a complying and a non-complying SMSF?

Complying SMSF

A 'complying' SMSF:

  • is regulated by the ATO, and
  • has been issued with a Notice of Compliance.

Complying funds that meet the Superannuation Industry (Supervision) Act 1993 External site (SISA) standards qualify for a concessional tax rate of 15%. Employer contributions made to complying funds can qualify as Superannuation Guarantee (SG) payments.

Non-complying SMSF

A 'non-complying' SMSF:

Non-complying SMSF do not qualify for concessional tax rates. The rate of tax for a non-complying super fund is 45%.

What does 'Regulation details withheld' mean?

The regulation details of this entity are currently withheld from display in Super Fund Lookup. There are many reasons why this may occur and are unique to each SMSF.

It is not recommended that rollovers be made to funds that have regulation details withheld.

For more information phone the ATO on 13 10 20 between 8am and 6pm, Monday to Friday.

What does 'Regulation details removed' mean?

The regulation details of this SMSF have been removed from display in Super Fund Lookup by the ATO as a result of the fund not lodging its annual returns.

It is not recommended that rollovers be made to funds that have had their regulation details removed.

An authorised contact for the SMSF will need to contact the ATO for further information by phoning 13 10 20 between 8am and 6pm, Monday to Friday.

Top of page