Validation Error
This Validation Error occurs when a Tax Return for a future period is validated between 15 June and 1 July. During this period, the ATO closes its Electronic Lodgment Service for tax returns. This also applies to SMSFs that are Winding Up.
ATO Rule: Year of return must be either the current or next (future) lodgment year associated with this service. If a future year lodgment is required, then it must be lodged no later than the 15th of June of the current year, unless it is an amendment. After the 15th of June, a return for that lodgment year must be submitted from the 1st of July, using the new service associated to that specific lodgment year.
How to resolve the Validation Error
You can resolve this Validation Error in one of two ways:
- Wait until 1 July to lodge the Tax Return electronically.
- Lodge a paper return outside of Simple Fund 360.
For more details, refer to this ATO Article - Self-managed superannuation fund annual returns