Validation Error
This validation error occurs when the SMSF Tax Return fails to pass the ATO's XBRL validation.
This specific error typically arises when the bank account details are either missing or incorrect on the tax return.
How to resolve this Validation Error
- Navigate to The SMSF Annual Return.
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Review Section A Fund Information, Question 7 in the Tax Return.
If the information here areincorrect or missing, please update the details to be correct.
- Once you have made the changes, save and validate the Tax Return.