The publications form a suite of education products aimed at supporting trustees with their regulatory and reporting obligations.
The regulator said it strongly recommended trustees take the opportunity to improve their understanding of their SMSF trustee obligations and said the publications acted as a reference tool while the online education modules were interactive and would provide an excellent opportunity for them to build their knowledge.
Trustees who access the education modules can create an account and set up a personalised learning pathway, which will also record course completion.
The Starting a self-managed super fund publication and Setting up a self-managed super fund online education module help trustees consider if an SMSF is right for their circumstances.
The modules include:
· What is an SMSF?
· Choosing a structure
· An outline of your obligations
· Registering your SMSF
· Getting professional advice
The Running a self-managed super fund publication and Running a self-managed super fund online education module help trustees understand their role and obligations to help them manage their funds effectively.
The modules include:
· Accepting contributions and rollovers
· Managing your fund’s investments
· Paying super benefits
· Reporting and administration
Trustees can also find this content in:
The Winding up a self-managed super fund publication and Winding up a self-managed super fund education module help prepare for winding up an SMSF.
The modules include:
· Common situations where you may consider winding up
· Preparing your exit plan
· How to correctly wind up your SMSF
· Getting professional advice
Trustees can also access the ATO’s SMSF online education modules from its small business education portal.
