--- title: 28 November 2019 - Investment Strategies description: The Commissioner of Taxation has thrown the cat amongst SMSF auditors and trustees with edicts on Fund investment diversification and stating benchmarking is a fundamental feature of an investment str --- [Skip to content](https://info.lightyeardocs.com.au/supportcentre/hc/en-us/articles/360039651693-november-28-investment-strategies#main-content) English Show submenu for translations [![Asset 46@4x](https://info.lightyeardocs.com.au/hs-fs/hubfs/Asset%2046@4x.png?width=273&height=50&name=Asset%2046@4x.png)](https://www.lightyeardocs.com.au/) Open main navigation Close main navigation - English Show submenu for translations Your Gateway to Growth and Achievement! - There are no suggestions because the search field is empty. 1. [Success Hub](https://info.lightyeardocs.com.au/supportcentre?hsLang=en) 2. [Webinar & Training Replays](https://info.lightyeardocs.com.au/supportcentre/webinar-training-replays?hsLang=en) 3. [Thursday Strategy Webinars](https://info.lightyeardocs.com.au/supportcentre/webinar-training-replays?hsLang=en#thursday-strategy-webinars) # 28 November 2019 - Investment Strategies The Commissioner of Taxation has thrown the cat amongst SMSF auditors and trustees with edicts on Fund investment diversification and stating benchmarking is a fundamental feature of an investment strategy but 0 - 100% is a breach of the SIS Act 93. And all coming in the midst of SMSF compliance and income tax return preparation, I can almost feel the anxiety of auditors who have just come off the back of two disastrous SMSF cases (for auditors anyway) - Cam & Bear and Baumgartner where they were held negligent with investments and investment strategies. This year is going to be a tough audit season for everyone, so we need a no holds barred session and I invite you to join me on this investment strategy - strategy and compliance session where I will be looking at: 1. Why the Fund's investment objective is the backbone of an investment strategy and why a poor one can lead to legal suit against the investment strategy preparer for any investment losses; 2. Who can complete an investment strategy under the SIS Act 93, the ITAA 97 and the Corporations Act 2001 and why there are differences between the various laws; 3. What does a great investment strategy look like compared to an illegal investment strategy; 4. Why member directed investment strategies, separate investment strategies and segregated current pension assets are very powerful and for 25% of funds an absolute necessity; 5. What are the 12 or more asset classes required to be considered for an investment strategy and how to complete appropriate benchmarks; 6. How to protect your firm from a legal suit under the legal defense provisions of section 55 of SISA; 7. For prior income years and even the income year ending 30 June 2019 why a deed of rectification and ratification may be needed alongside an investment strategy. If you would like to upskill your SMSF knowledge you can buy a great video copy of Grant Abbott’s October 2019 SMSF Strategy and Estate Planning Roadshow from the following for only $99 – a great offer for more than 20 strategies, all documented and four hours 20 minutes of viewing in five modules. To buy: [https://ilovesmsf.com/shop/.](https://www.youtube.com/redirect?v=waRfCiK121k&event=video_description&q=https%3A%2F%2Filovesmsf.com%2Fshop%2F&redir_token=H6I-4-yEuY7UJCg9kuAehTI9EHR8MTU3NDk5MzE4NEAxNTc0OTA2Nzg0) Also while at the shop, get Grant’s Guru’s Guide to SMSFs for just $20. 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