ATO Regulated Self-Managed Superannuation FundVersion: 9.8.10

An ATO Regulated Self-Managed Superannuation Fund (SMSF) is a superannuation fund regulated by the ATO. For funds other than single-member funds, an SMSF is one where:

• there are four or less members
• all members are trustees, or directors ofthe trustee company
• there are no trustees or directors who are not members
• there are no members who are employees of other members (unless they are relatives).

For funds that are single-member funds, an SMSF is one where:

• if the fund has a corporate trustee:
  • the members must be the sole director of the company, or
  • the member must be one of only two directors where the other director is a relative, or
  • the member must be one of only two directors and not an employee of the other director
• if the fund does not have a corporate trustee:
  • the member must be one of only two individual trustees and the other trustee must be a relative
  • the member must be one of only two individual trustees and not an employee of the other trustee.