Set up SMSF

We are a firm of accountants and not financial advisers. DIY Super Fund as per corporations law is a financial product, we do not provide any financial product advice or recommend that a DIY Super Fund is suitable for you.

We are tax agents, we are not licensed to provide any personal financial advice. We follow the best interests of our clients under ASIC’s Regulatory Guide 175.214 and taxation is only one of the matters that must be considered when making a decision to set up a Self Managed Super Fund.

We can provide advice and factual information about DIY Super Fund under SIS Act & Income tax act on

• investment restrictions
• in-house assets
• Superannuation Guarantee Contributions
• collectables and personal use, etc.

We may at times give some broad asset class advice and provide some general advice (without any remuneration) which is not intended to influence you in making a decision in relation to a particular financial product or an interest in a particular financial product. This advice should not be construed as particular financial product advice or personal advice, this advice may be given under exemptions contained in Corporate Regulation 7.1.33G.

We can provide advice relating to tax implications of investing in various Asset Classes, such as cash Vs shares Vs property Vs superannuation. Cash flow benefits of a various types of pensions, but we cannot advice that you dispose an existing super account to start any such income stream. We can advice on the tax benefits of using the various small business CGT concessions in so far as they relate to making contributions to super and taxation consequences of participating in a share buyback with a high franked dividend etc.

We can provide advice relating to tax implications of investing in various Asset Classes, such as cash Vs shares Vs property Vs superannuation. Cash flow benefits of a various types of pensions, but we cannot advice that you dispose an existing super account to start any such income stream. We can advice on the tax benefits of using the various small business CGT concessions in so far as they relate to making contributions to super and taxation consequences of participating in a share buyback with a high franked dividend etc.

We may identify your generic insurance needs, for example, insuring your DIY Super Fund property or life of members or generic financial products or classes of financial product that will mitigate any risk.

On your instructions, we can assist you in ordering a Trust Deed and apply for registration of your DIY Super Fund with the ATO or help you, once you have decided to transfer, any transfer any asset, rollover to your DIY Super Fund simply as an administrative task.

If we refer you to any financial planner or advisor and that planner pays us a share of for any financial advice given or commission received for investment in any financial product, we will advice you in writing before we refer you of our arrangement with the financial advisor.

Declaration

I agree that no principal or any staff member of Tax Accounting Australia has

• provided any financial product advice or recommended or made a statement of opinion with the intention of influencing me or done any act which can be regarded as intending to have such an influence for me to set up a self managed superannuation fund.
• provided any financial advice unless in any of the circumstances mentioned in Section 766 A (2) (b) of the corporations Act 2001 which sets out the circumstances in which our principals or staff members are taken to provide a financial service as an “Eligible Service” defined in Corporations Regulations 7.1.29. These circumstances are that we provide a financial advices (eligible service) in the course of conducting what we are allowed to do (exempt service) and it is reasonably necessary to provide financial advice and this advice is provided as an integral part of our normal accounting functions.
• provided any financial service as described in Section 766 B to E of the Corporations Act 2001 and I have enough opportunities in detail these sections of the Act.
• provided any specific advice on any asset risk policy or specific insurance for any of the asset of the fund or life insurance policy or the value of insurance required for any member of the self managed super fund.
• provided any advice regarding transfer of any asset or rollover of any existing superannuation interests in the DIY Super Fund or what asset or how much money should be contributed to the DIY Super Fund or any investment strategy of your DIY Super Fund.
• provided any advice on who should be members and trustees of the DIY Super Fund and who should be beneficiaries of any death benefit of any member of the DIY Super Fund.
• provided any financial advice on any financial product other than taxation implications of any financial product. Including establishment, operation structuring or valuation of superannuation fund except for advice that is given for the sole purpose, and only to the extent reasonably necessary for the purpose, of ensuring compliance by you with the SIS Act (other than paragraph 52(2)(f)), the SIS Regulations (other than regulation 4.09).
• provided any advice
  • relating to the acquisition or disposal by your superannuation fund of any specific financial products or classes of financial products; and
  • a recommendation that you acquire or dispose any superannuation product; and
  • a recommendation in relation to a person’s existing holding in a superannuation product to modify an investment strategy or a contribution level.
• provided any comparison that your existing superannuation interest with DIY Super Fund or any other superannuation product or any investment with another in your DIY Super Fund.
• provided any retirement planning or estate planning advice either within or outside of superannuation space or within the ambit of DIY Super Fund.

I have taken advice from a financial advisor who holds an Australian Financial Services Licence (AFSL) and / or conducted my own research in making a decision to set up a Self Managed Superannuation Fund.

I understand that once I set up my own Self Managed Superannuation Fund, I as trustee will be responsible for my superannuation fund and I have read all my administrative functions and duties as a trustee and all investment restrictions as detailed in the ATO trustee declaration form.

By clicking the button below “I ACCEPT, SETUP SMSF NOW” and providing my personal information of all members of the proposed DIY Super Fund on the online form, I am instructing Tax Accounting Australia and their principals and staff to provide the administrative task of establishing an Self Managed Superannuation Fund as defined in 17A of SIS Act for me.