Valuation guidelines for self-managed superannuation funds This guide is designed to help you as a self -managed superannuation fund (SMSF) trustee when valuing assets for super purposes. It is not a comprehensive handbook about valuations. This guide does not take away your responsibility to manage investments prudently. You must ensure the fund’s investment strategy is […]

Applying for an ABN for Self-Managed Super Fund Applying for an ABN for Self-Managed Super Fund The ATO has issued a fact sheet setting out how superannuation entities should apply for an ABN (NAT 2944). The fact sheet also contains the instructions for completing the application, with funds able to apply for an ABN either via the Australian Business Register at abr.gov.au, […]

Maintaining a healthy SMSF sector – Improving the quality of advice Maintaining a healthy SMSF sector – Improving the quality of advice ASIC today released Report 337 SMSFs: Improving the quality of advice given to investors (REP 337). The report summarises the findings from the first major project undertaken by ASIC’s Self-managed superannuation fund (SMSF) taskforce. Key […]

SMSF supervisory levy fact sheet SMSF supervisory levy fact sheet Up to 1 July 2013, the SMSF supervisory levy is payable for the financial year to which the self-managed super fund annual return (SAR) relates. From 1 July 2013, the levy will be payable for the financial year in which the annual return is due – for […]

SMSF trustee – individual or corporate ? There are two different trustee structures for a self-managed super fund (SMSF). They are: The following table outlines some of the issues relevant to each structure: Consideration Individual Trustee Corporate Trustee Cost Ongoing administrative requirements and establishment costs can be less for individual trustees than those associated with […]

Register of SMSF messaging providers From 1 July 2014, self-managed superannuation fund (SMSF) trustees are required to receive both electronic messages and payment when employers make contributions using the SuperStream data and payment standard. Find out moreSMSFs – the SuperStream standard for contributions End of find out more If you are an SMSF trustee, you […]

Changes to insurance provided by SMSFs From 1 July 2014, trustees of an SMSF cannot provide an insured benefit in relation to a member of the fund unless the insured event is consistent with one of the following conditions of release of a member’s super benefits: An insured event covered by a trauma insurance benefit (which […]

Webinar — new compliance treatments for SMSFs In June 2014, we ran a free webinar program about our SMSF compliance approach from 2014, and the new compliance treatments for SMSF trustees which will come into effect on 1 July 2014. In the webinar, we discussed determinants for the compliance treatments and included case studies. The […]