Error Description:
This error indicates a validation issue relating to the balancing of amounts within the SMSF (Self-Managed Super Fund) Annual Return. The totals for Australian and overseas amounts in the Asset section do not reconcile with the total liabilities reported in the SMSF return. This imbalance triggers the error as it violates the ATO’s required consistency checks in the data.
Please refer to the image below, which should illustrate the matching of assets and liabilities clearly.
