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ntoumba's avatar
ntoumba
Experienced Cover User
5 years ago

PAY SUPERANNUATION - Invalid ABN for SMSF

Hi There,   So I have a employee with a SMSF which I have been paying to without issue for sometime.    Recently they have change bank account details - I was unable to edit the exisiting SMSF 'D...
  • Komal_S's avatar
    Komal_S
    5 years ago

    Hi ntoumba 

     

    As discussed with you through private messages, the ABN for this fund is invalid as the fund's status is "Regulation Details Removed" on ATO fund lookup website and the status needs to be"Active" for us to process the payments associated with that fund. Therefore, this requires the fund to contact ATO and get the status changed.


    Feel free to post should you have other queries.

ntoumba's avatar
ntoumba
Experienced Cover User

Hi Komal_S 

 

I did originally create a dulpicate - then I re-named the OLD fund by adding OLD to the start of its name. 

 

After it didnt work correctly the first time I deleted the 'new' fund as it had no transacations so it could be deleted. Then I re- created the 'new' fund after assigning the 'old' fund the new name. I also removed all funds from the employees cards then re assigned the 'new' fund to the employee.

 

I am still having trouble processing any payments to the 'new' fund.

Komal_S's avatar
Komal_S
MYOB Staff
5 years ago

HI ntoumba 

 

In that case, can you please send me a Private Message with the following details and I will check if there are any other problems with registering the fund: 

 

SMSF ABN: 
ESA:  
BSB: 
A/C #: 
Acc Name:
  • Komal_S's avatar
    Komal_S
    MYOB Staff
    5 years ago

    Hi ntoumba 

     

    As discussed with you through private messages, the ABN for this fund is invalid as the fund's status is "Regulation Details Removed" on ATO fund lookup website and the status needs to be"Active" for us to process the payments associated with that fund. Therefore, this requires the fund to contact ATO and get the status changed.


    Feel free to post should you have other queries.

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