Prompt: CMN.ATO.SMSFAR.437186 - Financial institution account details for tax refund should not be the same as the account for super contribution.


Guidance: The ATO validation rule requires these accounts to be different unless the refund-account preference is selected appropriately.

Refund preference question
Review the question: “I would like my tax refunds made to this account.”
  • If the SMSF wants refunds paid to the same account already entered for super contributions and rollovers, select Yes and remove the separate tax-refund bank details.
  • If the answer is No, or the question is left unanswered, enter a tax-refund account that is different from the contribution/rollover account.