SMSF administration
taken care of.

What SMSF administration involves

More complex than
most trustees realise.

Self-managed super funds offer tremendous flexibility and control — but they also come with a significant and ongoing compliance burden that many trustees underestimate when they first establish their fund. Every year, the fund must prepare financial statements and a tax return, undergo an independent audit, meet ATO reporting requirements, maintain an investment strategy statement that reflects the fund's current position, and keep trustee minutes and records that would satisfy a regulator's review. The consequences of non-compliance are serious — from administrative penalties and disqualification through to the fund being made non-complying, which carries a substantial tax penalty. This is not a set-and-forget arrangement. It requires consistent, knowledgeable attention every year.

AGS manages the full scope of annual SMSF administration for clients across Australia. Our team prepares the fund's financial accounts — including the balance sheet, income statement and member statements — from the investment records and transaction data provided. We prepare the SMSF annual tax return, coordinating closely with our accounting team to ensure all tax positions are correctly recorded. We coordinate the independent audit with a qualified SMSF auditor, managing the information requests and responding to any queries before the audit sign-off. ATO reporting obligations — including transfer balance account reports, event-based reporting and annual return lodgement — are handled on your behalf and lodged on time. Where required, we prepare the investment strategy statement and trustee resolutions to ensure the fund's documentation remains current and defensible.

One of the genuine advantages of AGS's SMSF service is that the team administering your fund is the same team advising on your SMSF strategy. In many practices, administration and advice are siloed — the administrator processes transactions without understanding the strategic context, and the adviser makes recommendations without knowing the exact compliance position of the fund. At AGS, those functions are unified. When our advisers are recommending a pension commutation, a contribution strategy or a new investment, the administration team has full visibility of the fund's position. When administration queries arise, the adviser can respond with context. For a complex and regulated vehicle like an SMSF, that integration is not a minor convenience — it's a meaningful reduction in the risk of errors and a better experience for trustees.