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SMSF investment strategy health checklist

A periodic health check of your SMSF’s investment strategy is not just a useful tool for ensuring your SMSF is working well for you, it is also a requirement of the Superannuation Industry (Supervision) Act 1993 (“SIS Act”).

Section 52B of the SIS Act contains a number of ‘covenants’ (promises) that are taken to be incorporated into every SMSF’s governing rules; one of them being a promise not just to formulate and give effect to an investment strategy, but to also review it regularly.

Reviewing your SMSF’s investment strategy should therefore be a regular occurrence to maintain fund compliance. 

With ATO penalties for non-compliance rising from $222 per unit to $275 on 1 January 2023, it’s now more important than ever to make sure your investment strategy is up to scratch.

You can download and print the checklist and tick off each task as you go.

Continue reading for explanations of each item on the list.

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