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Self managed superannuation funds, like all superannuationfunds, are there to provide for retirement. There are around300,000 self managed super funds, representing 560,000Australians managing their own funds. Currently about 2,500new self managed super funds are established every month. I’mkeen to ensure the money invested in these funds is managedeffectively and is available at retirement.I use the line: ‘It’s your money, but not yet’. This isn’t to saypeople who set up self managed super funds can’t controltheir investment. But it is to say that the money is not to beaccessed early. https://www.51lunwen.org/fm/ The rules governing self managed super fundsare designed to ensure your money is an asset building for yourretirement. It’s the role of the Tax Office to ensure you ‘play bythe rules’.We want to make sure trustees, auditors, tax practitionersand financial advisers are aware of the rules governing selfmanaged super funds. Since November 1999 we have focusedon education and we will continue to do so. However, we areconcerned about how some self managed super funds aremanaged, so we are increasing our audit activity on high-riskfunds to ensure all tax obligations are met.Where we find that trustees are genuinely making an effort tomeet their obligations, we will work with them to rectify anybreaches. However, we will take a firm approach with trusteeswho fail to make a genuine effort to comply, or who set out todeliberately avoid meeting their legal obligations. As always, wewill take a person’s individual circumstances into account.I have made a commitment for the Tax Office to be open andaccountable in its dealings with the community. We publish ourcompliance program annually, detailing the areas of compliancewe are focusing on in that financial year. Our latest Complianceprogram is available at  The publication of thisbooklet on self managed super funds is an extension of thatcommitment. I urge all trustees, auditors, tax practitioners andfinancial advisers – as well as those thinking about setting up aself managed super fund – to read this booklet and ensure theyunderstand their obligations.I welcome your feedback on this booklet and encourageyou to provide feedback by emailing us

Approved auditorsTrustees of a self managed super fund are required, for eachyear or part year that the fund is in existence, to appoint anapproved auditor to audit the operations of the fund.An approved auditor may be a registered company auditor, theAuditor-General of the Commonwealth, a state or a territory, ora member of a professional organisation.1Auditors play a critical role in helping to ensure that trusteescomply with the legislative requirements of the SIS Act andthe Superannuation Industry (Supervision) Regulations 1994(regulations).Tax agentsTrustees of a self managed super fund are required to lodge anincome tax and regulatory return for the fund each year. Theymay get a tax agent to complete and lodge the return for them.Trustees must ensure that the tax agent has enough informationto complete the return.AccountantsTrustees of a self managed super fund must keep accountingrecords that record and explain the transactions so that astatement of financial position and an operating statement canbe prepared. Trustees may get an accountant to help with theseduties. Often a fund’s accountant will also be the fund’s taxagent.Financial advisersTrustees of a self managed super fund may obtain help from afinancial advis本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。