Self-Managed Super Fund are governed by the Superannuation Industry (Supervision) Regulations 1993 , also known as the SIS Act, and regulated by the Australian Tax Office.

To learn more, read this post on Understanding SMSF Rules, Laws And Regulations.

SMSFs can have a maximum of 6 members, though restrictions may apply in some States for individual trustees.

All members will need to be either individual trustees or directors of a corporate trustee of the Self-Managed Super Fund. This means all members are involved in managing the SMSF.

No, you don't need to have a minimum amount of assets or funds before you are allowed to start your own SMSF.

Nonetheless, considering the initial and ongoing expenses of starting and upkeeping an SMSF, you are more likely to realise a net financial benefit when you have $200,000 or more in your SMSF. Please should speak to an SMSF professional regarding the cost-benefit of having your own SMSF.

For SMSF structures, you can choose individual trustees or a corporate trustee. A corporate trustee is essentially a company acting as trustee for the SMSF.

Most lenders will only lend to an SMSF with corporate trustees. For borrowing purposes, it is preferable to have a corporate trustee structure, though you should discuss this decision with an SMSF professional.

For more information, please see ATO page on Choose individual trustees or a corporate trustee.

To take up a loan to buy a property within your SMSF, there are typically two trust deeds to set up.

The first trust deed is the SMSF trust, who is the borrower. The second trust deed is the bare trust to hold the property.

The SMSF members will only need to set up the SMSF trust once, though the members can make changes to the trust later such as adding or removing other members.

In addition to your SMSF trust, you typically need to set up a bare trust to purchase a property within your SMSF. The bare trust is a separate legal entity that holds the property title on behalf of the SMSF, which is necessary when the SMSF takes out a loan to buy the property.

It’s important to note that only a single title can be held by any one bare trust. Therefore, if you’re buying a single property, one bare trust is required. If you’re purchasing multiple properties, each with a separate title, you would need a bare trust for each one.

If you have questions around this, talk to us to discuss your SMSF lending options and set up.

If you are currently residing overseas for a temporary period, then yes, you are allowed to set up and manage a Self-Managed Super Fund (SMSF) from overseas.

The Australian Tax Office's (ATO) temporary absence rules typically permit an SMSF Trustee to reside overseas for a maximum duration of two years, though exceptions can apply. If you are currently residing overseas, talk to us to explore SMSF lending options unique to your circumstances.

You cannot be a trustee of an SMSF while you are an undischarged bankrupt. Also, you cannot remain a trustee if you become bankrupt or insolvent after you are appointed. For more information, see ATO page on Appoint your trustees and directors.

Yes, our team can definitely help. Through our collaboration with a leading boutique law firm in Sydney, our property lawyers can assist you to set up your SMSF.

If you are new to SMSF, you won't be doing this alone. Our team will be with you all the way so that you set up your SMSF correctly, and to help you apply for your SMSF loans.

Talk to us regarding special offers on new SMSF set up, and to explore SMSF lending options tailored to your unique circumstances.

Yes, most definitely.

It doesn't matter which State in Australia you reside in. If you are new to SMSF, you won't be doing this alone. Regardless of which State you live in, our team will be with you all the way so that you set up your SMSF correctly, and to help you apply for your SMSF loans.

Talk to us regarding special offers on SMSF set up, and explore SMSF lending options tailored to your unique circumstances.