Strategy and Compliance Kits – What’s Included

Name of Kit	Overview	What’s Included
Non-Licensed (AFSL) SMSF Advisers Kit	this kit is designed to assist accountants and other SMSF advisers who will not have an AFSL	extensive practical commentary templates of various disclaimers including disclaimers for SMSF establishments, pension set ups, pension commutation/wind ups, contribution related matters, LRBAs and roll overs checklists internal staff guidelines to use within your office links to relevant resources
Contribution Reserving Kit	Contains guidance and template documentation on how to establish and maintain contribution reserves and how to object to any excess contributions tax assessment that arises from implementation of the strategy. It also outlines the benefits and risks associated with contribution reserving. Detailed memo outlining the features of contribution reserving, the requirements for relevant parties (SMSF trustees, SMSF members and employers) and the ATO’s recent views.	a detailed memo trustee resolutions for a range of situations including: establishing a reserve maintaining a reserve allocating to a reserve ATO form to adjust excess concessional contributions
Investment Reserving Kit	contains guidance and template documentation on how to establish, maintain or apply reserves in an SMSF explains the benefits of reserves and where their use would be very valuable focuses specifically on investment reserves (ie, earnings from the fund’s investments which are credited to a reserve account) and unallocated reserves uses worked examples to better illustrate the relevant concepts	a detailed checklist outlining steps a trustee should take to establish, maintain or apply reserves of an SMSF a detailed memo trustee resolutions for a range of situations including: establishing a reserve reviewing a reserve strategy allocating reserve
Investment Strategy Kit	contains guidance and template documentation with a practical, comprehensive explanation of how to draft investment strategies for SMSFs this kit should be used when the investment strategy of an SMSF is being formulated or reviewed	background information regarding how to draft a proper investment strategy and what the strategy should contain template investment strategies, including: balanced investment strategy real estate only strategy gearing strategy
Pension Reserving Kit	Contains guidance and template documentation on how to establish and maintain pension reserves. It also outlines the benefits and risks associated with pension reserving. Detailed memo outlining the features of pension reserving, the role of a reserving strategy and the ATO’s recent views.	a detailed pension reserving memo, including examples draft resolutions notification to members completion checklist
Lump Sum Kit	contains guidance and template documentation on the payment of a lump sum. A checklist outlines each stage of the process and the relevant steps	guidance on how to complete the documents and a completion checklist a letter of request from the member trustee resolutions
SMSF Borrowing Memo	overview and guidance on the borrowing rules for SMSFs for limited recourse borrowing arrangements (‘LRBA’)	SMSF borrowing memo, including: a detailed outline of tax considerations (including CGT, GST and stamp duty) a ‘frequently asked questions’ section, which covers a range of SMSF borrowing strategies and queries an outline of the latest developments in SMSF borrowing, including the latest ATO position on uncertain issues
SMSF to SMSF Roll-Over Kit	contains guidance and template documentation to roll-over a lump sum from one SMSF to another SMSF.	guidance on how to complete the documents and a completion checklist necessary forms including: member’s request to roll-over confirmation to member from receiving fund trustee resolutions relevant ATO form spreadsheet to assist with calculations
SMSF Wind Up Kit	contains guidance and template documentation on the steps to wind up an SMSF the detailed memo outlines the key ‘tips and traps’ and frequently asked questions surrounding SMSF wind ups	guidance on how to complete the documents and a completion checklist trustee and member resolutions notification forms to notify relevant parties about an SMSF wind up (including the ATO) a detailed SMSF wind up memo
Trustee Compliance Kit	contains guidance and template documentation on how to record trustee resolutions and minute keeping these minutes relate to numerous changes that may occur to an SMSF including admitting a new member, retiring a member, and acquiring a new asset the format of different resolutions, such as circulating resolutions (where there is no need for a meeting), meeting minutes, sole director record of decisions, etc, are included in this kit the kit is also very handy for advisers whom wish to draft resolutions on behalf of their SMSF clients	detailed explanation of the mechanics of having an effective trustee meeting including how to make resolutions, appoint a chairperson, action items, agendas, etc 18 different sets of trustee resolutions to cater for a range of common situations faced by SMSF trustees pro-formas for meeting minutes, circulating resolutions and sole director records of decisions includes documents needed to record a lump sum payment when the fund only has individual trustees
Unit Trust Compliance Kit	contains guidance and template documentation to implement many popular unit trust strategies this is an ideal and practical kit for SMSFs that invest in geared or non-geared unit trusts a practical guide to documenting popular strategies within a unit trust, including step-by-step instructions example minutes are provided, that can be tailored to meet a unit trust’s specific needs	Includes commentary and templates for the following: partially issued units to minimise further compliance and valuation costs in light of legislative change issuing further units (following the initial subscription) transfer of units change in trusteeship of unitholder

Any information provided on this website (including any blog posts) are mere summaries and general information provided for educational purposes only. This is no substitute for expert advice. Anyone seeking to rely on this content should obtain expert advice to confirm particular issues especially as the law is subject to ongoing changes and substantial penalties can be imposed.

As a law firm DBA Lawyers Pty Ltd is not licensed to give financial product advice under the Corporations Act 2001 (Cth).

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Strategy and Compliance Kits – What’s Included