I believe that you mis read the intent of my post.
and YES, I do ALL of my own record keeping - including share register and ledgers.
Our fund is not a large one ( currently just under $500k and I have a paper loss from November of over $100K )
A SMSF is a RETIREMENT entity. It is NOT for the personal or Private use of the Trustees, so YES - You are correct that it is the Trustees who are responsible.
A recent visit to my accountant ( to sign off on 06/07 return ) disclosed that I was condidered a "trader", but that ATO Auditors were unlikely to "AUDIT" me because I was not in their "Target" range,being a self funded retiree and not in my mid/late 40's.
