O'Reilly logo

DIY Super For Dummies, 3rd Australian Edition by Trish Power

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Chapter 26

Ten Commandments of DIY Super

In This Chapter

arrow Remembering you’re the boss, and responsible

arrow Meeting the sole purpose test

arrow Following your fund’s trust deed and the super rules

arrow Drafting your fund’s investment strategy

arrow Ensuring you don’t contravene super’s special investment rules

arrow Lodging completed tax and compliance returns on time

W hen becoming a SMSF trustee, you must sign a SMSF trustee declaration stating that you’re responsible for ensuring your super fund complies with the super laws. If you became a SMSF trustee before July 2007, you don’t have to sign a trustee declaration, but you must comply with the same super rules as the newer trustees. Doing your job as SMSF trustee is all about steering your fund’s super CART — that is, looking after your fund’s Compliance, Administration, Reporting and Tax management responsibilities.

For the past decade, when presenting ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required