Your SMSF must attend to certain annual reporting requirements which are attended to by GETSMSF on your behalf. These include:

• Preparation of an annual Balance Sheet
• Preparation of an annual Profit & Loss Statement
• Preparation of annual Member Statements
• Preparation of annual Trustee Resolutions & Minutes
• Preparation of an annual income Tax Return
• Preparation of an annual Audit

Record Keeping – An important Trustee Duty
As a client of GETSMSF you are not required to retain or provide any source documentation relating to most of your SMSF Investments. This information is electronically accessed by GETSMSF each year. This significantly reduces your administration burden as a Fund Trustee and minimises any adverse issues in the event of an audit. However, at times, you will be required to provide information to GETSMSF to attend to the SMSF annual compliance requirements.