Self-managed superannuation funds: A statistical overview 2008-09

Introduction

Self-managed superannuation funds: A statistical overview 2008-09 is available in Portable Document Format (PDF). Download a PDF of Self-managed superannuation funds: A statistical overview 2008-09 (NAT 74068, PDF, 644 KB).

Purpose

As part of the Super System Review (the Review), A Statistical Summary of Self Managed Superannuation Funds was released on 12 December 2009. The majority of the Self Managed Superannuation Funds (SMSFs) information included in that paper was sourced from both publicly available and previously unpublished ATO data.

This publication updates the Super System Review statistical summary using 2008-09 year data. We propose to provide annual updates.

Where appropriate, we refer to Australian Prudential Regulation Authority (APRA) data for comparisons to the SMSF sector.

Background

The ATO began regulating SMSFs in the 2000 financial year under the regulatory framework of the Superannuation Industry (Supervision) Act 1993 (SIS Act).

For information on what constitutes an SMSF and the ATO's regulatory role, go to www.ato.gov.au/SMSF

Traditionally, SMSF data was collected on the super fund income tax return. From 2008, a new SMSF annual return (SAR) was developed to enhance regulation of SMSFs and collect more reliable data.

Generally the data for this overview has been collected from:

• SAR
• SMSF registrations
• Auditor Contravention Reports (ACRs) lodged by approved auditors.