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AwG1's avatar
AwG1
Contributing User
2 years ago

Incorrect ABN for SMSF in MYOB

Hello I've spent a few hours on this already and have followed advise provided in forums. I have an employee with a SMSF. They have provided the ABN (and I've checked 4 times now) and it is correct....
  • Princess_R's avatar
    Princess_R
    2 years ago

    Hi AwG1,

     

    Thank you for your response.

     

    I've further checked the Superfund ABN from the ATO Superfund Lookup, and I can see that the ABN for this fund is invalid as the fund's status is "Regulation Details Removed". This means the regulation details of this SMSF have been removed due to failure to lodger returns. 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.

     

    Please don't hesitate to reach out if you've got any questions or concerns in the future. I'm here to help.

     

    Cheers,

    Princess

Tiffy's avatar
Tiffy
Contributing User

Hi there,

 

I have the same problem as the person below. The ABN is correct and the ESA is correct yet I still can't process super payments for the employee to their SMSF. This is driving me crazy and the accountant and the bookkeeper as both cannot understand what the problem is.

I spoke to a MYOB consultant and he forwarded this link to me but I can't work out where to go to try and re-set everything. Where does it say Business name and where are payroll settings?

AwG1's avatar
AwG1
Contributing User
11 months ago

Hi Tiffy 

So, my problem was resolved. The reason why I can't make payments is because the tax returns have not been completed for the SMSF and until they are, the account is locked and I can't make the contributions. Frustrating but problem solved :)

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