Reading the ATO guide they state. "You need to ensure you have enough super savings to make your fund viable. The costs of establishing and running a fund can vary significantly but as a general guide, to be competitive with an APRA-regulated fund, you will need up to around $200,000. You should get advice about your circumstances, including the proposed number of members and how you propose to run the fund. It will also cost around $2,000 to run a median-sized fund each year. However, it can often cost more depending on the cost of the professional accounting services you use and the cost of tax, audit and legal advice you obtain to run the fund."
Would anyone care to endorse or refute that statement? Thanks
