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Take control of
your SMSF with
our trustee services
AnneStreetPartnersSuperSolutions
SMSFTrusteeServicesGuide

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AnneStreetPartnersSuperSolutionsSMSFTrusteeServicesGuide2015
Anne Street Partners Super Solutions
provides comprehensive self-managed
super fund services to over 700 funds.
Our dedicated Australian-based
team can assist you with your core
compliance requirements, as well as
more complex issues that may arise.
Regardless of whether you choose a
Corporate or Individual trustee structure,
you remain in control of your fund’s
investment decisions, whilst we take
care of setting up the fund and the
ongoing administration and compliance
requirements. Additionally, we provide
you with complete visibility of your fund’s
performance through the delivery of
regular updates and reporting.
Our clients also benefit from an
in-house team of specialists across
financial planning, investments,
property, insurances, estate planning
and home loans - all working together
where required to provide you with an
integrated strategy.
Anne Street Partners Super
Solutions provides the following
services:
• Annual regulatory returns including
Tax Return
• Preparation of financial accounts
• Trustee minutes
• Review of investment strategy
• Assistance and liaison with an
approved SMSF Auditor
• Annual member statements
• BAS and/or IAS reporting on a
quarterly or annual basis (optional)
• Arranging for Actuarial certificates
where required
• Pension establishment and
commutation documents
• Lump sum benefits and rollins
• Trust Deed update service
• Assistance with ATO or ASIC audits
or reviews
• Review fund compliance in
accordance with the Superannuation
Industry Supervision (SIS) Act
Anne Street Partners Super Solutions is a leading, privately owned
Australian self-managed superannuation service provider.
Anne Street
Partners Super
Solutions help
to design a SMSF
that gives you
more control
over how your
superannuation
and investments
are managed, so
you get results
sooner.

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AnneStreetPartnersSuperSolutionsSMSFTrusteeServicesGuide2015
DeanRosario
National Manager, SMSF
BBus (B&F), DipFS (FP), JP (Qual)
Dean has over seven years of
hands-on experience in the
SMSF sector, particularly within
the area of limited recourse
borrowing arrangements. Dean
and his highly dedicated team
are committed to providing
an exemplary level of SMSF
administration services.
Dean is a Justice of the Peace,
holds a Bachelor of Banking &
Finance Degree and a Diploma of
Financial Services. He is also a
member of the SMSF Association
of Australia. A SMSF Trustee
himself, Dean enjoys providing
assistance and direction to SMSF
trustees.
PeterKennewell
Head SMSF & Tax Accountant
BComm CA SSA FNTAA
Peter has over 25 years of Income
tax experience relating to the
needs of Individuals, Companies,
Partnerships and Trusts. He has
been a Partner, Director, sole
trader and employee in several
accounting practices and has
assisted clients in most industries.
Peter also enjoys over 17 years
experience in providing general
and specialist SMSF advice and
administration.
Peter’s qualifications include a
Bachelor of Commerce Degree,
Chartered Accountant, Registered
Tax Agent NTAA Tax Practitioner,
Specialist SMSF Adviser with the
SMSF Association of Australia,
Fellow of the National Tax &
Accountants Association. Peter
is also currently undertaking the
Chartered Accountant’s Diploma
of Financial Planning.
PaulFewster
SMSF Process Manager
BBus (Tax), CPA
Paul has over 10 years experience
working in the SMSF sector,
working with fund trustees to
ensure their fund runs smoothly
and meets its compliance
obligations.
Prior to this Paul worked as an
Accountant in Business Services.
His experience comprises
Individual through to Company
and Trust structures where he
appreciated the importance of
interrelationships between all
individual’s structures.
Paul holds a Bachelors Degree in
Business, Professional Accounting
and is a member of both CPA and
the SMSF Association of Australia.
Paul thrives on the opportunity
to assist members and trustees
meet their goals, while remaining
compliant with the numerous
regulations surrounding SMSFs.
Our Key People

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AnneStreetPartnersSuperSolutionsSMSFTrusteeServicesGuide2015
WhatisaSelf-Managed
SuperannuationFund(SMSF)?
By definition, a SMSF is a superannuation fund that
has less than five members and each member of the
fund is required to act as a trustee or be a Director of a
Corporate trustee entity.
Regulated by the Australian Tax Office (ATO) a
SMSF may be considered a useful alternative to
superannuation funds regulated by the Australian
Prudential Regulatory Authority (APRA).
The main advantage of a SMSF is the ability of the fund
members to exercise greater control over investment
decisions of the fund.
Trusteedutiesandresponsibilities
SMSF trustees ultimately have the responsibility when
it comes to the operation, management and compliance
of the fund. Their primary obligation is to ensure the
fund is maintained only for the purpose of providing
benefits to its members upon their retirement (or
attainment of a certain age), or their beneficiaries if a
member dies. This is referred to as the Sole Purpose
test.
Knowyourresponsibilities
Trustees are required by law to:
• Act honestly in all matters concerning the fund
• Exercise skill, care and diligence in managing the fund
• Act in the best interests of the members of the fund
• Ensure that members only access their
superannuation benefits if they have met a legitimate
condition of release
• Refrain from entering into transactions that circumvent
restrictions on the payment of benefits
• Ensure that members’ personal monies are kept
separate from the money and other assets of the fund
• Take appropriate action to protect the fund assets
• Comply with all regulations under the Superannuation
Industry Supervision (SIS) Act
• Prepare, implement and regularly review a fund
investment strategy
ATOTrusteeDeclaration
Each new SMSF trustee is required to complete a
Trustee Declaration form, issued by the ATO, within
21 days of becoming a SMSF trustee. Furthermore,
this document must be retained for 10 years or whilst
remaining a trustee, whichever is longer. The Trustee
Declaration must be made available for inspection by
the ATO at any time. Failure to produce the document
may result in penalties being imposed by the ATO.
TheAdministrator
Anne Street Partners Super Solutions is the tax agent
and administrator for your SMSF. Our role is to assist
with your annual compliance requirements, which
includes preparing the annual financial statements
and tax return, lodging the annual tax return with the
ATO and arranging the annual audit of the fund by an
approved auditor.
A dedicated team member will contact you at the start of
each financial year with a detailed query list required to
complete the annual financial statements and tax return.
TheAuditor
It is a requirement that each SMSF is audited by an
approved auditor on an annual basis. Anne Street
Partners Super Solutions utilises a panel of approved
auditors for its clients’ annual audit requirements. The
auditor will notify the trustee(s) of any concerns raised
during the annual audit. Depending on the severity, the
auditor may be required to inform the ATO of the issue
or concern.
Criticaldates
A SMSF reporting period is a standard financial year
(1 July to 30 June). When utilising the services of a tax
agent, the following ATO lodgement deadlines apply to
self-managed super funds:
• Newly established funds – 28 February in the year
following the financial year of establishment, ie. funds
established in the 2015 financial year will have a
lodgement deadline of 28 February 2016.
• Continuing funds – 15 May in the year following
the financial year, ie. funds continuing in the 2015
financial year will have a lodgement deadline of 15
May 2016.
An Overview of Self-Managed Super Funds

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AnneStreetPartnersSuperSolutionsSMSFTrusteeServicesGuide2015
Failure to lodge by the deadlines above may result
in the ATO imposing a revised lodgement deadline
of 31 October in the following year, ie. funds late for
lodgement in the 2014 financial year may receive a
revised lodgement deadline of 31 October 2015 for the
2015 financial year. Furthermore, it is likely that financial
and administrative penalties will be applied by the ATO
to the trustee(s).
Keepingrecords
It is the trustee’s responsibility to maintain accurate and
readily available records, which include:
• All tax documents
• Other records of the SMSF
The table below specifies how long the ATO requires
various documents to be kept for.
Should any of these documents be unavailable for
review within the relevant time period, then a penalty
may be imposed by the ATO. Depending on a number
of factors, penalties can range from $850 to $10,000
per offence. For record-keeping offences, penalties are
usually around $1,700. Fines cannot be paid from your
fund and must be paid from personal monies.
It’s important to update Anne Street Partners Super
Solutions when your contact details change. If your fund
utilises a Corporate trustee structure, we can provide
assistance with notifying ASIC of the changes.
Personalinsurance
It is a requirement that the trustee considers the
adoption of personal risk protection (personal
insurance) for the members of the fund as part of the
overall strategy of the fund.
Effective 1 July 2014, a SMSF is only permitted to
provide members with insured benefits that can
be accessed on death, terminal medical condition,
permanent incapacity and temporary incapacity as
defined in the Superannuation Industry Supervision
(SIS) Act. Transitional rules will apply to existing
insurance policies held by the fund at 1 July 2014.
Deathbenefitnominations
Superannuation death benefit nominations allow you to
nominate who will receive your superannuation benefits
in the event of your death. Death benefit nominations
can be binding or non-binding on the trustee.
Superannuation death benefits can only be paid to the
following:
• Spouse
• Children
• Person with ‘interdependency relationship’
• Financial dependant
• Personal legal representative
Superannuation death benefits do not automatically
form part of your estate upon death. Accordingly, fund
members should provide the super fund trustee with
sufficient direction to ensure their superannuation death
benefits are paid as per their wishes.
Please speak to your adviser if you have any questions
in relation to death benefit nominations.
SuperStream
SuperStream is a Government reform aimed at
improving the efficiency of the superannuation system.
Under SuperStream, employers must make super
contributions on behalf of their employees by submitting
data and payments electronically in accordance
with the SuperStream standard. All superannuation
funds, including SMSFs, must receive contributions
electronically in accordance with this standard.
Upon establishment of your SMSF you will receive
SuperStream details to provide to your employer, which
include the Electronic Service Address (ESA), the fund
Australian Business Number (ABN) and the fund bank
account details.
Document Time Period
Accounting records showing the transactions and financial position of the SMSF 5 years
Annual operating statement and annual statement of the SMSF’s financial position 5 years
Copies of all SMSF annual returns 5 years
Copies of other statements required to be lodged with the ATO or provided to other super funds 5 years
Minutes of trustee meetings and decisions 10 years
Changes of trustees 10 years
Trustee declarations acknowledging the obligations and responsibilities for any trustee, or
director of a corporate trustee, appointed after 30 June 2007
10 years
Members’ written consent to be appointed as trustees 10 years
Copies of all reports given to members 10 years
Documented decisions about storage of collectables and personal-use assets 10 years
SMSFrecordkeepingrequirements

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Contact us 135 444
annestreetpartners.com.au
super@annestreetpartners.com.au
Anne Street Partners incorporating: Anne Street Partners Financial Services Pty Ltd (ABN 25 107 671 563 AFSL 258 853) Anne Street Partners Home Loans Pty Ltd (ABN 11 135 905 681 Australian
Credit Licence 391660) Anne Street Partners Realty Pty Ltd (ABN 86 135 905 618) Anne Street Partners Legal Pty Ltd (ABN 67 135 905 538) Anne Street Partners Tax Solutions Pty Ltd (ABN 44 162
176 543) Anne Street Partners Super Solutions Pty Ltd (ABN 25 136 878 629). June 2015
ASP0316V106/2015
OurLocations
Brisbane
Level 19, 333 Ann Street
Brisbane QLD 4000
GPO Box 3084
Brisbane QLD 4001
Sydney
Level 14, 383 Kent Street
Sydney NSW 2000
PO Box Q1078, QVB Building
Sydney NSW 1230
Melbourne
597- 599 Little Collins Street
Melbourne VIC 3000
PO Box 18410, Collins Street East
Melbourne VIC 8003
Adelaide
Level 8, 420 King William Street
Adelaide SA 5000
PO Box 6336
Adelaide SA 5000
Perth
Level 41, 108 St. Georges Terrace
Perth WA 6000
PO Box Z5352, St. Georges Terrace
Perth WA 6381
Darwin
Level 1, 1 Briggs Street
Darwin NT 0801
GPO Box 486
Darwin NT 0801
Newcastle
59 Ridley Street
Charlestown NSW 2290
PO Box 104
Charlestown NSW 2290
Gold Coast
42 Siganto Drive
Helensvale Qld 4212
PO Box 3435
Helensvale TC QLD 4212