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  • Self-managed super funds 20th anniversary

    As regulator since 1999, the sector has grown from around 200,000 SMSFs with $55 billion in assets to 600,000 SMSFs totalling $750 billion in assets. Today, SMSFs comprise nearly one third of Australia’s total $2.76 trillion retirement system.

    We take our responsibility of protecting the retirement savings of 1.1 million Australians seriously. For the past 20 years, the ATO has regulated SMSFs. This means we facilitate, monitor and regulate trustees choosing to run their own super fund and directly manage their retirement savings.

    As the regulator of SMSFs and co-regulator of approved SMSF auditors, we work with the Australian Securities and Investment Commission (ASIC), industry professionals and SMSF trustees. We provide education and support to encourage willing participation in the tax and super system, and when necessary, address non-compliance.

    To mark this occasion, we have produced a video and infographic to explain the our role and how our stakeholders are at the centre of everything we do.

    We look forward to continue working in partnership with all our stakeholders in the future to maintain the integrity of the SMSF sector, a most vital part of Australia’s world-class super system.

    We've prepared a summary of information about self-managed super funds on the 20 years of regulating self-managed super funds page. An infographic (PDF 461KB)This link will download a file is also available for download.

    Media: 20 years of regulating and protecting SMSFs
    http://tv.ato.gov.au/ato-tv/media?v=bd1bdiunwcekxoExternal Link (Duration: 04:32)

    Last modified: 04 Oct 2019QC 60263