Compliance with superannuation law
The laws relating to SMSFs are constantly changing. This makes it hard for trustees to keep up to date.
For this reason, it is very valuable to have a trusted superannuation adviser who can answer all your questions and warn you of any possible issues.
Relevant legislation
Your fund will need to comply with a variety of legislation that relates to:
- Limiting investments in property owned by related parties.
- Restricting when members can draw money from the fund.
- Maintaining the sole purpose of the fund to provide retirement benefits.
- Only allowing eligible trustees and members to act for the fund.
- Retaining financial records.
- Complying with the rules of your trust deed.
- Only borrowing in limited circumstances.
The information on this website is general in nature only. It has been prepared without taking into account your personal objectives, financial situations or needs. You should seek personal financial advice which considers your objectives, financial situation and needs before making any financial or investment decision. Where the website refers to a particular financial product, you should obtain a copy of the relevant product disclosure statement or offer document before making any decision in relation to the product.
