Voluntary disclosures for APRA funds

When to make a voluntary disclosure

As an Australian Prudential Regulation Authority (APRA) fund, you should contact ATO as early as possible if:

  • You made an error in your reporting or payment obligations.
  • You’re having difficulty complying with your reporting or payment obligations.
  • You’re unsure about a compliance matter.

How to make a voluntary disclosure

You should lodge a voluntary disclosure request by accessing the Super Enquiry Service (SES) for APRA funds. They’ll work with you to resolve reporting errors to help you meet your obligations and protect member benefits.

Disclosures can range from relatively routine matters to complex situations, such as systemic errors that have occurred over time.

If you identify any material errors or omissions with the balances, contributions, or events reported, you need to amend reporting within 30 days of becoming aware of these errors or omissions.


Information you need to provide

When you contact ATO, include copies of any supporting documents and the following information:

  • Your name, including position held, and fund and (if applicable) administrator details.
  • Your phone number and address.
  • Fund and administrator Australian business number (ABN).
  • Nature of the disclosure, including the type of reporting or payment that was affected.
  • The relevant accounting period the error relates to, including the lodgment period and due date.
  • The amounts to be increased or decreased, or sufficient information to allow us to readily determine the extent of the error – for example, the number of members affected and the corresponding dollar value.
  • Where the error arose – your fund, a previous fund (whose members have been transferred to your fund), or an administrator on your behalf.
  • Any action or actions already taken or planned to address the past error, deficiency, or miscalculation and the potential for the issue to occur again, including the relevant dates.
  • Any other relevant information, including how the error or omission was discovered, and whether it is an isolated or systemic error, a software provider issue, a procedural issue, or similar.
  • A signed and dated declaration.

See Information we require when you make a voluntary disclosure.


How we process your voluntary disclosure

ATO resolves these issues by:

  • Working with trustees to fix the errors.
  • Getting an understanding of the issue and the type of reporting the error relates to, in as much detail as possible.
  • Addressing technical and legal implications and the validity of the reporting error.
  • Ensuring that fixes are developed to prevent recurrence of the issue in the future.

They work with funds to understand the cause of the issue and the impact on the population of members involved, which often requires funds to provide further information.

You may receive a reduction of penalties and interest charges that would normally apply when you make a voluntary disclosure.

Please note: Many of the comments in this publication are general in nature, and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their particular circumstances.

Related Posts

17

Apr
Chinese Post, Practice  Update

2025年雇主税务义务与税务申报指南

2025年,雇主需妥善管理若干关键税务责任,以确保合规。本指南聚焦于这些责任,涵盖重要日期及准确税务申报的实用建议。 2025年雇主税务义务指南 雇主需时刻关注税务责任,以确保合规并避免处罚。2025年的关键日期和要求包括: 对于预扣税(PAYG),雇主必须从员工支付中预扣正确数额的税款,并将这些款项支付给澳大利亚税务局(ATO)。 关于单触式工资单(STP),雇主应在2025年7月14日前完成2024/25财年的STP数据。请注意,关联收款人的截止日期可能会更晚。 养老金保障(SG)的季度截止日期为1月28日、4月28日、7月28日和10月28日。目前的SG比率为员工正常工作时间收入的11.5%,从2025年7月1日起,该比率将提高到12%。雇主必须确保按时足额支付SG至正确的养老金基金,以避免SG收费。 ATO的BAS申报提示 澳大利亚税务局(ATO)提供以下提示,帮助雇主准确提交商业活动报表(BAS): 燃油税退税变化 自2025年2月3日起,燃油税退税发生变化,从该日期起购买的燃油可获得更多的节省。为确保正确申请: 参考:澳大利亚税务局网站 如果您需要更多信息,请联系信元会计师事务所

17

Apr
English Post, Practice  Update

A Guide to Employer Tax Obligations and Tax Reporting for 2025

In 2025, employers must navigate several key tax obligations to ensure compliance. This guide provides a focused overview of these responsibilities, including critical dates and practical tips for accurate tax reporting. How to master employer obligations in 2025 Employers must stay abreast of their tax obligations to ensure compliance and avoid penalties. Key dates and requirements for 2025 include: For pay as you go (PAYG) withholding, employers must withhold the correct amount of tax from employee payments and remit these amounts to the ATO. Regarding single touch payroll (STP), employers should finalise their STP data by 14 July 2025 for the 2024/25 financial year. Note that there may be a later due date for closely held payees. Super guarantee (SG)[…]