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Managed Superannuation Funds (SMSFs) information in that paper was sourced from both publicly available and previously unpublished ATO data.
In December 2011 we released a publication Self-managed superannuation funds A statistical overview 2008-09 (the overview), which was broadly in line with the Super System Review statistical summary using 2008-09 data.
This publication follows on from the overview using 2009-10 data. We propose to provide annual overviews.
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 about 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 the regulation of SMSFs and enable the collection of more reliable data.
Generally the data for this overview has been collected from:
- SAR
- SMSF registrations
- Auditor Contravention Reports (ACRs) lodged by approved auditors.
Last Modified: Thursday, 7 March 2013