The ATO has increased their audits when it comes to creating self managed super funds, Trustees need to ensure that all their personal and related entity obligations with the ATO have been met ( including the lodgment of any overdue returns or statements or addressing any tax debts before the ATO agrees to set up a self managed super fund.
here is some links that will help you understand your obligation when setting up a SMSF.
You can access lots of information about the role and responsibilities as a trustee for an SMSF from the ATO website at www.ato.gov.au/Super/Self-managed-super-funds
There are a number of helpful animated videos that cover hot topics and the key responsibilities for SMSF trustees available at SMSF videos
We also encourage you to undertake a course to improve your understanding of the obligations of an SMSF trustee by going to Approved education courses SMSF
To receive monthly SMSF newsletter and alerts about important information, changes and requirements you can subscribe to SMSF news at SMSF News subscription form