Late Lodgement Penalty

On 1 July 2017, the value of a Commonwealth penalty unit will increase from $180 to $210 and will automatically increase in line with the CPI (Consumer Price Index) from 1 July 2020, and every three years after.

1 Penalty Unit is applied every 28 days, so trustees should ensure their self managed super fund tax return is lodged on time each year.

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