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March 31, 2010

Free training tool for superannuation funds

CPA Australia, the Institute of Chartered Accountants in Australia and the National Institute of Accountants have developed a free online training tool for self-managed superannuation funds (SMSF).

The accounting bodies say the Self-Managed Superannuation Fund Trustee Education Program is the first of its kind.

The tool will allow trustees to understand:

  • The roles and responsibilities of a trustee of an SMSF;
  • Investment restrictions imposed on trustees of an SMSF;
  • Rules and limitations surrounding contributions and benefit payments within an SMSF; and
  • The administration involved in an SMSF.

 

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