The SMSF Association was established to help Australians who self manage their super, to educate advisors and strengthen the industry.

As an independent organisation, our goal is to educate and empower people to better understand the issues, demands and regulations needed to make the most of their self managed super funds.

SMSF Association opposes $3m threshold

SMSF Association Media Release But a ‘threshold’ preferrable to a ‘hard cap’ The SMSF Association remains opposed to the introduction of a new threshold on superannuation balances, believing it will add further complexity and undermine confidence, Association CEO Peter Burgess says. “Our preference has always been to have no cap on balances but if the Government

“Once in a generation” opportunity to improve the financial advice system

SMSF Association Media Release The recommendations of the Quality of Advice (QOA) Review will make financial advice more accessible and affordable for consumers. That was the consensus of four industry experts at a Q-and-A session on the final day of the SMSF Association’s National Conference in Melbourne. QOA Reviewer and Allens law firm Partner Michelle

Promising future predicted for SMSF sector

SMSF Association Media Release The long-term outlook for self-managed super funds (SMSFs) is promising and exciting as an increasing number of younger people want to take control of their personal finances, the SMSF Association Thought Leadership Breakfast heard at its National Conference today. The five-member panel, dissecting the topic How big can the SMSF sector

ASIC abandons $500,000 SMSF threshold

SMSF Association Media Release ASIC’s decision to remove $500,000 as an indicator of the “appropriateness of advice” to establish a self-managed super fund (SMSF) has been welcomed by the SMSF Association. In its latest updates on guidance on SMSF advice, released today, the regulator has opted not to nominate a minimum threshold. It does point

The SMSF Association’s 2022-23 Budget summary: Delivering certainty

SMSF Association Media Note The Federal Budget, the second for 2022 and the first by the Albanese Labour Government, has delivered certainty for the SMSF sector. Key Points Three-year SMSF audits policy cancelled:In the 2018-19 Budget, it was proposed to introduce a three-year audit cycle for SMSFs that met prescribed criteria. It was a controversial

Legacy pensions and rules for non-residents head Budget submission

SMSF Association Media Release The SMSF Association is urging the Federal Government to address two critical issues – legacy pensions and extending the temporary absence rule for non-residents – in its 2022-23 Federal Budget. In its Budget submission, the Association CEO John Maroney says: “We would like to highlight several key measures announced in Budget

Specialist training critical to ensure health of SMSF sector

SMSF Association Media Release The SMSF Association is urging the Quality of Advice Review to “set in stone” the need for specialist training for those advising the more than 1.1 million Australians who are members of a self-managed super fund (SMSF). In its detailed submission to the Review, the Association recommends that professionals providing SMSF

SMSF Association congratulates new Ministers

SMSF Association Media Release The SMSF Association is looking forward to a constructive relationship with the incoming Labor Government and is hopeful that two of the outstanding measures from the 2021 Federal Budget – changes to residency rules and legacy pensions – will be legislated. SMSF Association CEO John Maroney says: “We congratulate the Federal

SMSF Association collaborates on improving rollover standards

SMSF Association Media Release When requesting rollovers from APRA regulated funds, be prepared to provide further SMSF bank account documentation, was a key message delivered by the SMSF Association’s Deputy CEO/Director of Policy & Education, Peter Burgess. The SuperStream rollover standards for SMSFs, which commenced in October 2021, were designed to improve the efficiency and