SMSF - Does the Investment Strategy Cover Carrying on of a Business?

SMSF's are not prohibited from carrying on a business, but the business must be:

• allowed under the trust deed
• operated for the sole purpose of providing retirement benefits for fund members.

You can make a custom asset so can insert the characteristics of the business asset in there:

.  

Also ensure the other conditions are met by the Trustee of the Fund:  ATO Carrying on a Business

Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024