Senator the Hon Nick Sherry has recently called for submissions from industry bodies regarding self managed superannuation fund (SMSF) governance issues including the set-up, administration, audit, education, estate planning and legal obligations of trustees of SMSFs.  
 
The Institute would like feedback and comments from members on the key issues to be addressed in its submission. Members should forward comments and feedback to super.queries@charteredaccountants.com.au.  
 
In the submission, the Institute is looking to use data collected from members who operate in practices involved in the SMSF sector. Members operating in this sector are invited to fill out the questionnaire, which includes questions based on:

• The size of the practice
• The fees involved in the audit of an SMSF
• The number of SMSFs managed within the practice
• Whether the practice performs both the accounting and auditing of SMSFs
• Whether there is involvement from a financial planner
• Comment on the general improvement of the sector.

• The Institute: SMSF Governance questionnaire
• Minister for Superannuation and Corporate Law website: home page