ASIC

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.

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

Related courses

1 mins

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