What services are provided by the Asgard SMSF Service?

You and your clients can select services from the list below that are appropriate for the administration of your Fund and opt out of those not suitable.

Trust Deed service

  • For new Funds a complying deed is sourced from Smartsuper's preferred legal supplier.
  • For existing Funds, the Trustees must determine whether the existing deed is complying or not. Smartsuper can arrange for a review service to be provided by their preferred legal supplier to assist with this process.
  • Once the Trust Deed has been amended to the standard, Smartsuper's preferred legal supplier will continue to provide updates when changes are needed.

Fund establishment

  • Completing application to become a regulated Fund.
  • Completing ABN and TFN applications.
  • Completing establishment minutes and member application documentation.
  • Organising the rollover of any amounts into the Fund.

Actuarial

  • Arranging actuarial calculations as required.

Statutory obligations

  • Preparing and lodging statutory annual returns.
  • Lodging all statutory reporting forms.
  • Preparing annual statutory financial accounts and Members' statements.
  • Preparing all minutes for the Trustees to sign.
  • Preparing audit work papers and liaising with the auditor of the Fund in regards to the audit.

Fund reporting, trustee obligations and administration

  • Monthly reconciliation of accounts.
  • Quarterly Fund reporting to the Members, Trustees and any financial advisers including reporting on investment valuations and movements.
  • Advising Trustees of their upcoming obligations.
  • Keeping the Trustees advised of movements of assets outside of the investment strategy.
  • Maintaining of records for each member including balances, contributions, allocation of contributions and drawdowns to the correct components.
  • Monitoring of non-standard assets to advise of need for revaluation.
  • Retaining records in digital format for the mandatory 10-year period.

Taxation and audit

  • Determining taxation payments for the Fund and the members.
  • Preparing contribution reporting.
  • Arranging for preparation and lodgement of the Fund's annual Taxation Return.
  • Preparing and lodging of GST, BAS and IAS Returns as applicable.
  • Preparing all Rollover documentation for the appropriate regulator.
  • Preparing comprehensive work papers at year end to simplify the audit process.

Technical strategy assistance

  • Preparing Statement of Limited Advice relating to the technical structuring of Funds whether in accumulation or pension mode.
  • Calculating and implementing of pensions, multiple pensions, multiple account types and components.
  • Dealing with specific issues as a result of a death or divorce.
  • Providing assistance with understanding how to apply the law to personal situations.

'Fix-it' service

  • Taking on non-complying Funds and fixing them (if possible).
  • Bringing messy Funds that are missing substantial documentation up to date.

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