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ASIC is the consumer protection regulator for financial services, including:
- investing
- super
- deposits
- insurance
- financial advice.
It regulates and enforces laws that promote honesty and fairness in financial products, services and markets, as well as Australian companies.
ASIC also:
- regulates Australian financial services (AFS) licensees and their financial advisers
- registers SMSF auditors
- regulates Australian companies, including companies that are corporate trustees of an SMSF.
Last modified: 11 Jul 2024
Winding up a self-managed super fund (SMSF)
| Steps | Progress | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
When should I wind up my SMSF? |
3 mins | |||||||||||||||||||||||
Have a plan for when to wind up your SMSF |
2 mins | |||||||||||||||||||||||
Prepare an exit plan |
2 mins | |||||||||||||||||||||||
How to wind up an SMSF |
1 mins | |||||||||||||||||||||||
Check your trust deed |
1 mins | |||||||||||||||||||||||
Get written agreement |
1 mins | |||||||||||||||||||||||
Sell or dispose of your fund’s assets |
1 mins | |||||||||||||||||||||||
Finalise outstanding tax and compliance obligations |
3 mins | |||||||||||||||||||||||
Pay outstanding expenses and tax liabilities |
1 mins | |||||||||||||||||||||||
Calculate and distribute member benefits |
5 mins | |||||||||||||||||||||||
Complete a final audit |
1 mins | |||||||||||||||||||||||
Lodge your final SMSF annual return (SAR) |
1 mins | |||||||||||||||||||||||
Notify third parties |
1 mins | |||||||||||||||||||||||
Close your SMSF bank account |
1 mins | |||||||||||||||||||||||
Keeping SMSF records |
2 mins | |||||||||||||||||||||||
Consider professional advice |
2 mins | |||||||||||||||||||||||
Help and more information |
3 mins | |||||||||||||||||||||||
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Related courses |
1 mins | |||||||||||||||||||||||
Course Feedback |
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