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SMSF - ABN for fund is invalid

Hi There,

I have an employee who has a SMSF who had let their ATO reporting slip and their fund status (Under Super Fund Lookup) was "Regulation details removed" and I was getting the error in MYOB "The ABN for this employees fund is invalid".

The fund has since caught up on their reporting & fund status under super fund lookup is now "Complying" and has been so for 3 weeks.

Even though the status is now "Complying" - I am still getting the error "The ABN for this employees fund is invalid".

How often does Accountright/MYOB update these status's or is there a way I can manually force this to get the latest status for this SMSF so I can process this through the Pay Superfund in the payroll section.

Thanks in advance.

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Accepted answers

Earl_HD

Hi @XX

Thank you so much for your post and Welcome to the Community Forum! I'd recommend to re-create the superfund and relink the employee to the created SMSF.

Note: make sure to enter the correct information of the SMSF

Please do let me know how you go on this.
Regards,
Earl

All comments

Hi Earl,

Thank you very much for your suggestion - worked perfectly.

Kind Regards

Earl_HD