What should be on the tax invoice when buying PM for SMSF?

V

Voe

New Member
Hello dear stackers,

I recently made my first purchase of PM for our family SMSF from Perth Mint.

What made me concern is that on the invoice it says:


"Jane Citizen" & "John Citizen" ATF
C/O "Mysuper" Superfund

(note: for privacy reasons the words in quotes are fictional)

Can someone please advise if this would pass an ATO audit?

I'm not sure why Perth Mint has put the word "ATF" in Superfund name? Also shouldn't both names and the Superfund name be on one line instead of separated?

I called Perth Mint but the person I spoke to said thay can't put too many letters in the top line. I'm not sure what to do now, please help.

Thanks.
 
ATF = Acting as Trustee For. Pretty standard - we use a very similar format at Gold Stackers, and a number of our clients have passed audits without issue with our tax invoices.
 
ATF is very common on documents, contracts and even bank cheques as is the word THE missing alot of times eg ATF 'The' John Doh family trust. Although it is good practice to get it right
 
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