In order for a federal political party to be registered with the Australian Electoral Commission, it needs to have at least 500 members who are on Commonwealth Electoral Roll but not members of other political parties.

“Honestly at the moment we are fed up with both parties and will be looking to make our message very clear, that is, there is a need for not only the protection of existing super benefits but also a promise of not making further changes,” said Mr Abbott.

“Once retired, the last thing a retiree needs is to change their retirement income stream – particularly self-funded retirees who have chosen to look after themselves rather than rely on the aged pension.”

The next step for the SMSF Party, he said is to finalise the registration and determine who it will be putting forth as candidates.

“We are seeking expressions of interest through Ashleigh Jaremyn, party director by way of email,” he said.