The Australian Taxation Office (ATO) is the principal regulator of self managed super funds (SMSFs). The Australian Prudential Regulation Authority (APRA) and Australian Securities and Investments Commission (ASIC) also have a regulatory role.
SMSFs, like any other regulated superannuation fund, are subject to numerous legislative instruments, the most relevant being:
- SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993
- SUPERANNUATION INDUSTRY (SUPERVISION) REGULATIONS 1994
- INCOME TAX ASSESSMENT ACT 1997
- CORPORATIONS ACT 2001