smsf audit

• SMSF Auditor Registration

    On 23 June 2012 the Australian Government announced the details of the self managed superannuation funds (SMSF)  auditor registration requirements. From 31 January 2013, auditors of SMSFs will be able to apply for registration with the Australian Securities and Investments Commission (ASIC). All auditors must then be registered with ASIC by 1 July 2013 to continue auditing […]
• Guide to self-managed superannuation funds

  Setting up an SMSF When you set up an SMSF you become a trustee (or the director of a company that is a trustee). What it means to be a trustee A trustee is responsible for running the fund and acting in the best interests of the members. As a trustee you need to manage the […]
• Setting up SMSF Investment Strategy

  The trustees of an SMSF are required to prepare and implement an investment strategy for the superannuation fund. The strategy must reflect the purpose and circumstances of the fund and take into account: How to maximise member returns while having regard to the risk Appropriate diversification in a long term investment strategy; and The ability […]
• Self Managed Superannuation Funds Collectables

  SMSF—investment in collectables and personal use assets. The regulations may prescribe rules in relation to the trustees of regulated superannuation funds that are self managed superannuation funds making, holding and realising investments involving: (a) collectables (within the meaning of the Income Tax Assessment Act 1997); or (b) personal use assets (within the meaning of that […]