Specialty / SMSF (AU)
The Australian-specific market that nobody outside Australia takes seriously.
Australia has roughly 600,000 self-managed super funds. They’re heavily regulated, time-consuming to administer, and a recurring revenue stream most accountants don’t scale because the tooling is awful. Marco Reid runs SMSFs end-to-end — from establishment to wind-up — with the registered SMSF auditor signing every return.
Coverage by jurisdiction.
The statutes, the regulators, and the matter types Marco Reid handles for this specialty in each market.
Australia (only)
Authorities
- ✓Superannuation Industry (Supervision) Act 1993 (SISA)
- ✓Superannuation Industry (Supervision) Regulations 1994 (SISR)
- ✓Income Tax Assessment Act 1997 — Division 295 + concessional / non-concessional contribution caps
- ✓ATO SMSF supervision — registration, lodgement, audits
- ✓Sole Purpose Test (SISA s 62)
- ✓ATO regulations on related-party transactions, in-house assets, LRBAs
- ✓Auditor independence requirements (APES 110 + APES GN 41)
What we cover
- ✓SMSF establishment — trust deed, member registers, trustee declarations
- ✓Annual returns (NAT 71226) including audit + supervisory levy
- ✓Contribution cap monitoring (concessional, non-concessional, bring-forward, transfer balance)
- ✓In-specie contributions + transfers + market valuations
- ✓Pension commencement (account-based, transition-to-retirement)
- ✓Limited Recourse Borrowing Arrangements (LRBA) compliance
- ✓Related-party transactions + in-house asset 5% rule
- ✓SMSF audit by registered SMSF auditor (APES 320 quality control)
- ✓Wind-up + member rollovers
Common matters
How Marco Reid helps.
Establishment automation
Trust deed generation, ABN + TFN registration with the ATO, electing to be a regulated fund, trustee identification, signed engagement letter — all in one workflow. Sign-off by the registered tax agent before lodgement.
Annual return + audit on rails
NAT 71226 drafted from the bookkeeping data, member balances reconciled, contributions classified, capital gains computed. Then the registered SMSF auditor signs off through SignoffRequest before lodgement to the ATO.
Contribution cap monitoring
Marco tracks every contribution against concessional + non-concessional caps including bring-forward + work test + downsizer. Flags excess contributions before lodgement so the partner can advise reshape.
Pension commencement + TBAR
Account-based pension docs, minimum pension calculations, Transfer Balance Account Reporting — drafted, lodged, audited.
LRBA compliance
Limited Recourse Borrowing Arrangement structures modelled, related-party loan terms benchmarked against safe-harbour rates, single acquirable asset rule enforced. Marco surfaces breaches before they happen.
Forensic intelligence on SMSF data
Benford's Law on transactions, related-party transaction screening, in-house asset 5% threshold monitoring — all the auditor's pain points automated. The forensic moat from /specialties/forensic-accounting reused here.
Marco Reid is a workspace and tooling vendor. It is not itself licensed to practise. Every consumer-facing output passes through SignoffRequest and is approved by a credentialled practitioner in the relevant jurisdiction before release.
Run 50 SMSFs in the time most firms run 5.
The tooling that scales SMSF practices. Establishment to wind-up, every step on rails, audit-ready, ATO-compliant, signed.