INVESTMENT STRATEGY OR NOT. Quite often when we audit a fund we discover the fund does not have an Investment Strategy or has failed to update/review that strategy. This failure to have the correct documentation then means that the fund is non complying, a situation no trustee would want. What exactly is involved in having…

As part of the process of operating a SMSF Trustees must know the rules and legislation that administer their fund. Yet many trustees continue to make the same mistakes. The ATO monitor these breaches closely and below are the ATO’s current ten most common compliance errors and the % they make up alongside value of…