A Self-Managed Superannuation Fund (SMSF) is a regulated superannuation fund comprising no more than four members. In order to be a regulated superannuation fund an SMSF must meet a number of tests set out in the Acts and Regulations governing superannuation.
Generally speaking, all the members of an SMSF are required to be trustees of their SMSF, which brings with it a series of responsibilities for the management of the fund’s compliance and investment functions.
SMSFs are primarily regulated by ATO. An SMSF must lodge a tax return each year and must be audited by a registered independent auditor prior to submitting its return.
The Super Group is a specialist SMSF Administration company. Details of our approach to the administration function can be found here.