SMSFs like other superannuation administration vehicles, are designed to provide retirement benefits to the members of that Fund and must operate in accordance with the Superannuation Industry Supervision Act.

The difference between a Self Managed Superannuation Funds (SMSFs) and other types of superannuation funds is that the members of a SMSF are usually also the trustees (or the directors of a corporate trustee) for the fund and have the responsibility to ensure the fund complies with its legal obligations.

Your Guardian adviser and the administrator of your fund work together to keep the fund on track to meet its compliance obligations.