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Self-Managed Super Solutions: Phase Three Preliminary Report



As a starting point, the Panel has articulated ten guiding principles that it believes should underpin the regulation of SMSFs.  The principles have informed the Panel’s preliminary recommendations and could have a longer term role in guiding policy-making in the SMSF sector. 

  • Principle 1 — Ultimate responsibility
  • Principle 2 — Freedom from intervention
  • Principle 3 — ... but not complete absence of intervention
  • Principle 4 — Service providers
  • Principle 5 – Gatekeeper on establishment
  • Principle 6 — Consistent treatment with APRA‑regulated funds where appropriate
  • Principle 7 — Recognition of special risks in an SMSF environment
  • Principle 8 — Leverage
  • Principle 9 — Compliance, rather than prudential, regulatory focus
  • Principle 10 — Pursuit of excellence

Further details on each of these principles and the Panel’s vision for self-manged super funds are available in this report.