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Key rules to obey when dealing with related party-entities of your super


Before delving into SMSF rules regarding related parties, let’s address a fundamental question: who constitutes a related party in your fund?

Now let’s deal with the complicated part first. Who is a related party of your SMSF? A ‘related party’ of your fund includes:

• All members of your fund

• Associates of fund members, which include:

  • the relatives of each member
  • the individual business partners of each member
  • any spouse or child of those business partners
  • any company the member or their associates control or influence
  • any trust the member or their associates control.

• Standard employer–sponsors, which are employers who contribute to your super fund for the benefit of a:

  • member, under an arrangement between the employer and a trustee of your fund and associates of standard employer–sponsors
  • relative of a member means any of the following:
    • parent, grandparent, brother, sister, uncle, aunt, nephew, niece, lineal descendant or adopted child of the member or their spouse. You should note cousins are not listed here.
    • spouse of any individual specified above.

Ready for more SMSF investment insights? Click here to discover the next rule for for successful SMSF investments or contact our teams of experts for personalised advice on your superannuation investments today.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

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