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Compliance Lenses

Pluggable compliance domains with deterministic and AI-powered rules

Compliance Lenses / SMSF Audit Compliance

SMSF Audit Compliance

Audits self-managed superannuation funds against SIS Act requirements.

RAG Indices

  • sis-act-regulations
  • ato-smsf-guidance
  • apes-110-ethics

Cross-Reference Indices

None

Required Entities

  • fund_name
  • fund_abn
  • members
  • trustee_structure
  • investment_strategy
  • asset_holdings
  • pension_status
  • contribution_history
  • related_party_transactions
  • insurance_cover

Deterministic Rules (25)

SMSF-001 Sole purpose test — fund assets used for personal benefit (SIS s62)
SMSF-002 In-house asset rule (5% limit)
SMSF-003 Investment strategy not on file (SIS s52B(2)(f))
SMSF-004 Investment strategy not reviewed within 12 months
SMSF-005 Collectables not stored independently (SIS Reg 13.18AA)
SMSF-006 Related party transaction not at arm's length (SIS s109)
SMSF-007 Related party loan below safe harbour interest rate
SMSF-008 Minimum pension drawdown not met (SIS Reg 1.06(9A))
SMSF-009 Concessional contribution cap exceeded (ITAA 1997 Div 291)
SMSF-010 Non-concessional contribution cap exceeded (ITAA 1997 Div 292)
SMSF-011 Trustee disqualification — undischarged bankrupt or convicted person
SMSF-012 Assets not separated from trustee personal assets (SIS s52B(2)(d))
SMSF-013 Limited Recourse Borrowing Arrangement (LRBA) compliance (SIS s67A)
SMSF-014 LRBA with related party lender — arm's length terms (PCG 2016/5)
SMSF-015 SMSF member count exceeds maximum of 6
SMSF-016 Insurance cover not considered as required by SIS s52B(2)(f)
SMSF-017 SMSF annual return lodgement overdue
SMSF-018 Member's Total Superannuation Balance exceeds $1.9m transfer balance cap
SMSF-019 New trustee education declaration not completed
SMSF-020 Non-arm's length income (NALI) exposure
SMSF-021 Auditor independence threat (APES 110)
SMSF-022 Prohibited acquisition of asset from related party (SIS s66)
SMSF-023 Assets not valued at market value (ATO SMSFR 2009/3)
SMSF-024 Cryptocurrency/digital asset compliance
SMSF-025 Binding Death Benefit Nomination (BDBN) validity