SMSF

A common misconception is that the cost base reset election only matters once a member's total super balance exceeds $3 million. The election itself is available to eligible funds regardless of current balances, and because it is a one-off tied to the start of …

The first and most substantial task is transaction reconciliation, handled by a tool Class describes as intelligent matching. Reconciliation, matching the fund's transactions to bank andInvestmentdata and classifying them correctly, is high-volume, repetitive work that consumes a large share of administration time, especially at …

The old accountants' exemption, which once let recognised accountants advise on establishing an SMSF, was removed in 2016. Since then, advice about acquiring or disposing of an interest in an SMSF, and financial product advice more broadly, generally requires an AFS licence or authorisation, …

The reform confined new limited recourse borrowing arrangements to real property used wholly and exclusively in carrying on a business. ResidentialInvestmentproperty is out; business real property is in. With residential gearing no longer available for new arrangements, trustees and advisers who still want leveraged …

Data from Class’s 2026 Annual Benchmark Report shows ETFs accounting for around 7.2% of SMSFAssetson that platform, up by approximately one percentage point from the previous year. Around 35.5% of funds in the dataset held at least one ETF.

From 1 July 2026, the enacted measure applies additional tax to certainEarningsattributable to portions of total superannuation balances above relevant thresholds. For SMSFs, where trustees and their accountants manage the underlying records, the accuracy and timing of financial information becomes increasingly important.

The accumulation phase rewards patience and consistent investment. Markets rise over time, contributions compound, and a long horizon smooths outVolatilityso that a bad year is just a bump on a long road. The decumulation phase reverses several of those advantages at once: the horizon …