When is an actuarial certificate required?

This is one of the most common questions we get asked and seemed like an excellent topic for our first blog. We present you with simple follow chart that should assist you with your decision.

Kindly note:  Funds with a defined benefit pension require an adequacy statement of opinion from an actuary each financial year to determine that the Fund has sufficient assets to meet its liabilities. Therefore, the decision tree below will not apply for funds with defined benefit pension.

Actuarial certificate flow chart


Reliance Auditing Services is a specialist independent auditing services firm providing quality audits to SMSFs, companies, not-for-profits and AFS licensees all over Australia. Reliance Auditing places a huge emphasis on educating our clients to ensure they fulfil their reporting obligations.Call: 1300 291 060 or email info@relianceauditing.com.au.

DISCLAIMER: This information is an interpretation of rules, regulations and standards. It should not be considered as general or specific advice and neither purports, nor is intended to be advice on any particular matter. No responsibility can be accepted for those who act on the contents of this publication without first obtaining specific advice. Liability limited by a scheme approved under Professional Standards Legislation.