Updated: March 2026

A Self-Managed Super Fund (SMSF) requires an independent audit every year before its tax return can be lodged. The ATO enforces strict rules on SMSFs, making thorough record-keeping essential for compliance.

Before your appointment with the Loyal Bright team, please gather the following documents for the financial year (1 July to 30 June):

1. Compliance & Permanent Documents

• Investment Strategy: A signed copy of the fund's Investment Strategy, reviewed and updated for the current financial year.
• Trust Deed & Updates: A copy of the SMSF Trust Deed (if you are a new client or if it was updated during the year).
• Corporate Trustee Details: ASIC annual statements and payment receipts if the SMSF has a corporate trustee.

2. Bank & Cash Records

• Bank Statements: Statements for all SMSF bank accounts covering the entire financial year (1 July to 30 June), clearly showing the closing balance.
• Term Deposits: Certificates or statements showing the balance and accrued interest as of 30 June.

3. Investment Records & Market Valuations

Note: The ATO requires ALL SMSF assets to be valued at their current Market Value as of 30 June every year.

• Property: Independent market valuation (appraisal from a real estate agent or registered valuer), lease agreements, rental statements from your agent, and receipts for all property expenses.
• Shares & Managed Funds: Dividend/distribution statements, annual tax statements, holding statements (SRN/HIN), and broker reports showing the portfolio's market value on 30 June.
• Cryptocurrency: Exchange reports showing transaction history and the exact wallet balance/fiat value on 30 June.
• Limited Recourse Borrowing Arrangements (LRBA): Loan statements showing the balance on 30 June for any properties bought using a loan within the SMSF.

4. Member Contributions & Pensions

• Contributions: A breakdown of all Employer (Concessional) and Personal (Non-concessional) contributions made during the year.
• Notice of Intent: If a member is claiming a personal tax deduction for their contributions, a signed "Notice of Intent to Claim" form must be provided.
• Rollovers: Statements for any funds rolled into the SMSF from another superannuation fund.
• Pension Payments: If the fund is in pension phase, records of all pension payments made to members during the year.

Notice: Because SMSF audits require a high level of detail, providing complete information upfront will help us finalize your audit quickly and smoothly.

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