The ATO will not accept an SMSF registration if they decide that:
- one of the trustees have not met the trustee or registration eligibility requirements
- they can’t confirm the identity of all the fund's trustees or directors of the corporate trustee
- a trustee of the SMSF isn’t able to run an SMSF within the rules.
The ATO considers factors such as:
- history of insolvency
- crimes related to dishonesty
- previous SMSF history, and
- information about identities that have been used fraudulently.
If your SMSF registration is selected for a risk review, the ATO will review your application and may ask for further documents to support your registration.
Last modified: 15 May 2024
Setting up a self-managed super fund (SMSF)
Steps | Progress | ||||||||||||||||||||||
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What is an SMSF? |
3 mins | ||||||||||||||||||||||
Is an SMSF right for you? |
6 mins | ||||||||||||||||||||||
Setting up an SMSF |
1 mins | ||||||||||||||||||||||
Choose an SMSF trustee structure |
4 mins | ||||||||||||||||||||||
Appoint trustees |
6 mins | ||||||||||||||||||||||
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Check your SMSF is an Australian super fund |
2 mins | ||||||||||||||||||||||
Create a trust deed |
2 mins | ||||||||||||||||||||||
Hold assets |
2 mins | ||||||||||||||||||||||
Register your SMSF |
3 mins | ||||||||||||||||||||||
Set up a bank account |
2 mins | ||||||||||||||||||||||
Get an electronic service address |
1 mins | ||||||||||||||||||||||
Create an investment strategy |
2 mins | ||||||||||||||||||||||
Plan for the future |
1 mins | ||||||||||||||||||||||
Prepare an exit plan |
2 mins | ||||||||||||||||||||||
Record-keeping requirements |
2 mins | ||||||||||||||||||||||
Notify the ATO and ASIC of changes |
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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