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This document is the audited financial report of the Military Superannuation and Benefits Scheme for the financial year ending June 30, 2024. It includes the financial statements, details of member benefits, and disclosures as required by the Corporations Act 2001 and relevant accounting standards. The report provides insights into the operations, investment performance, membership details, and financial position of the scheme.
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How to fill out registrable superannuation entity audited

01
Gather all relevant financial documents and records of the superannuation entity.
02
Ensure that the entity complies with the Superannuation Industry (Supervision) Act 1993.
03
Select an auditor who is registered and has the appropriate qualifications.
04
Provide the auditor with access to necessary financial information and records for their review.
05
Draft the financial statements as per the applicable accounting standards.
06
Complete the audit checklist to ensure all requirements are met.
07
Obtain the auditor's report and ensure it is comprehensive and accurate.
08
Submit the audited financial statements and auditor's report to the Australian Taxation Office (ATO).

Who needs registrable superannuation entity audited?

01
All registrable superannuation entities (RSEs) must be audited annually.
02
Superannuation funds that have more than five members or hold more than $5 million in assets.
03
Self-managed superannuation funds (SMSFs) are required to undergo audits each year.
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A registrable superannuation entity audited refers to a superannuation fund that is required to undergo an independent audit to ensure compliance with legal and regulatory requirements stipulated by the Australian Taxation Office (ATO).
All self-managed superannuation funds (SMSFs) and other registrable superannuation entities with over $30,000 in assets or members are required to file audited financial statements.
To fill out a registrable superannuation entity audited, you should complete the designated audit forms provided by the Australian Taxation Office, ensuring all financial records are accurate and compliant with the ATO guidelines.
The purpose of auditing registrable superannuation entities is to provide assurance that the financial statements of the superannuation fund are true and fair, ensuring transparency and compliance with legal requirements.
The information that must be reported includes financial statements, investment performance, asset valuations, and compliance with the Superannuation Industry (Supervision) Act 1993.
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Relevant keywords

Superannuation Financial Report Audited Financial Statements Military Superannuation Member Benefits Commonwealth Superannuation Corporation Investment Performance Financial Liability Annual Report Corporations Act 2001

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