• Entity types
    • ATO Regulated Self-Managed Superannuation Fund

ATO Regulated Self-Managed Superannuation Fund

An ATO Regulated Self-Managed Superannuation Fund (SMSF) is a superannuation fund regulated by the ATO. For funds other than single-member funds, an SMSF is one where:

  • there are four or less members
  • all members are trustees, or directors ofthe trustee company
  • there are no trustees or directors who are not members
  • there are no members who are employees of other members (unless they are relatives).

For funds that are single-member funds, an SMSF is one where:

  • if the fund has a corporate trustee:
    • the members must be the sole director of the company, or
    • the member must be one of only two directors where the other director is a relative, or
    • the member must be one of only two directors and not an employee of the other director
  • if the fund does not have a corporate trustee:
    • the member must be one of only two individual trustees and the other trustee must be a relative
    • the member must be one of only two individual trustees and not an employee of the other trustee.