Your fund must apply for an Australian business number (ABN) and a tax file number (TFN). If you don’t do this:

• your fund won’t be able to receive rollovers or contributions
• your fund won’t be registered as an ATO-regulated SMSF
• your fund won’t be entitled to tax concessions, and
• employers won’t be able to claim deductions for contributions they make to the fund.

You can apply for both an ABN and a TFN at the same time. Simply:

• go to the Australian Business Register (ABR) website
• select ‘Apply for an ABN’, and
• complete the online form.

You can find information about what you need for your registration and ABN application on the ATO website.