• X Reserve accounts

    Did the SMSF have any assets not allocated to members on 30 June 2016?

    No

    Leave X blank. Go to Y.

    Yes

    Read on.

    Write at X the total value of assets not allocated to members on 30 June 2016.

    The use of reserve accounts is strictly limited for SMSFs. For more information see sections 52B and 115 of the Superannuation Industry (Supervision) Act 1993.

    Last modified: 12 Aug 2016QC 48236