Understanding Section 17A

It is important to ensure that the Fund meets the definition of an SMSF as described in Section 17A. The flowchart below gives a good understanding of the requirements of this Section. [Source: The Self Managed Super Handbook – Author Monica Rule]

Section 17A

 

Section 17A Single Member SMSF

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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.