The Australian Taxation Office's (ATO) regulation of the self-managed superannuation fund (SMSF) sector could still be improved. This is according to a follow-up report by the Australian National Audit Office (ANAO). A first report by the ANAO, released in early 2007, was highly critical of the ATO's regulation of SMSFs, which it has been responsible for since 2000. The second report indicated some improvement in the ATO's performance, but noted areas of concern remain, particularly the ATO's supervision of SMSFs that are being wound up.
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