Must be either individuals or a Pty Ltd and all members must either be trustees if the trustees are individuals or directors of the company if a company is trustee
ASIC has nothing to do with the administration or control of SMSF it up to about 5 years ago was APRA and the ATO now complying SMSF are controled solely by the ATO
So there is no registration requirements for SMSF with the ASIC
A fund deemed to be a non complying SMSF by the ATO will be taxed at 48.5% tax not the 30% company tax rate
