Are there any restrictions under the super laws with respect to my SMSF investments?
You are free to choose what type of assets you may invest in, providing those investments:
- are permitted by your fund’s trust deed
- are not prohibited by the super laws
- meet the sole purpose test.
For instance, you need to be aware of the in-house asset rules and acquisitions from related party rules. You also need to be aware of the non-arm’s length income rules for income tax purposes.
Where your investments breach the super laws, we can take compliance action against you. Depending on the severity of the breach, we may apply penalties and potentially disqualify you as trustee.
Be the first to comment