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XX's avatar
XX
User
12 months ago
Solved

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.

 

S

 

 

  • 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

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  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator

    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

    • XX's avatar
      XX
      User

      Hi Earl,

       

      Thank you very much for your suggestion - worked perfectly.

       

      Kind Regards

       

      S

      • Earl_HD's avatar
        Earl_HD
        MYOB Moderator

        Hi XX 

        You're very welcome. Feel free to post again, we're happy to help.

        Cheers,
        Earl