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Themcrazy

158 Posts.

1

20/09/17

14:01

Post #: 27342897
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Originally posted by Davoli ↑

I am looking at setting up an SMSF. I have heard mixed reports about their benefits/downfalls, such as the huge fines that can be placed on people who do not follow the appropriate regulations.

For those who run their own SMSFs, where would be a good starting place for me to read/access all the applicable regulations to help me decide on whether I want to go ahead with starting a SMSF?

I am generally not the kind of person who goes into such things without a s**tload of reading first, so would like to spend some time understanding what the paperwork commitments of doing this would be.

Appreciate any advice/information.

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http://www.smsftrustee.com/cpa/htm/home.asp
https://www.ato.gov.au/uploadedfiles/content/spr/downloads/spr46427n11032.pdf
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