As a trustee you have a number of administrative obligations. You need to:
- appoint an SMSF auditor
- value the fund's assets
- lodge SMSF annual returns
- report transfer balance cap events
- lodge Superannuation transfer balance account reports
- keep records
- notify us of changes.
You should also regularly check your SMSF registration status.
Duration 01:37As a trustee, you will have a number of administrative obligations – for example, you will need to arrange an annual audit of your fund, keep appropriate records and report to us on the fund’s operation.