ASX Today, page-31088

I was with austsuper and I know exactly that restriction you showed. Maybe ask what superfund conned is with. They implement what’s in their charter so you can’t get around it, diff superfunds May have different restrictions


@AUg/t yes it includes accounting and auditing- they’ll engage an independent auditor on your behalf. But Basically you’re responsible for accounting in the sense that you’re asked to code all transactions (very simple) based on drop down selection - any cash in or out that’s outside the usual proceeds and payments of shares bought via commsec or anz account - for example if you have additional contributions or payments via spp, you just need to provide the supporting information or explanation. Otherwise, all your proceeds of selling and payments to settle shares in your trading account don’t need explanations from you.l, they’re accounted automatically
Most importantly they help out with all documents to be compliant with ato regulations including set up, investment strategy and whatever else you need. You just have to review/and/or amend as you wish before signing
If you want to buy a property later in your smsf that’s well explained as well to be compliant. Read their website for guidance. But so far our experience is zero issues on compliance. The most important is to take measures to protect your super by smart investing choices.