Practical and compliant SMSF documents for unlicensed accountants
Understand which side of the fence you’re on when it comes to conversations that you are having with your SMSF clients. Access our suite of unlicensed letters as a member that allows you to ‘execute’ with confidence having provided facts to your SMSF clients where no opinion – express or implied has been provided.
All are best practice, current, and regularly updated, created in conjunction with Licensing for Accountants (L4A) and with legal sign-off by Holley Nethercote lawyers. Create these documents with an inbuilt workflow and seamlessly integrated BGL’s Simple Fund 360 and Class Super, saving you time to focus on what you do best.
Smarter SMSF is industry connected and nimble. As changes occur in regulation or legislation we review and adapt our documents accordingly. So they are always accurate, thorough and compliant. We are on top of issues as they arise, talking with our members and then generating what they need to pass on the benefits of this knowledge to their clients. To achieve this level of specialisation takes real world accounting, advice and legal experience, acquired over more than 20 years as practitioners.
Our create (comply) product gives you as an unlicensed accountant access to a range of letters covering off on a range of SMSF topics, including:
- Setting up a new SMSF
- Pension Commencement
- Annual Pension Amounts (incl. above minimum pension amounts)
- Lump Sum / Partial Commutation
- Death Benefit Nominations
- Investment Strategy
- Year End Tax Planning (including make contributions)
- Winding up a SMSF
You can access these letters as a member as a monthly or annual subscription, with the ability to purchase from our suite of SMSF legal, pension and compliance documents as required on a ‘pay as you go’ (PAYG) basis or bundle together as a monthly subscription fee.
All document orders are supported with the technical knowledge of our in-house team of experts.
Ordering online
To start ordering a smarter way, simply follow these steps:
- Purchase either the monthly or annual subscription to become a member
- You will receive payment confirmation and an email to login to the Smarter SMSF platform
- Select the document that you wish to create
- You’ll have the order/document instantly delivered to you in less than 5 mins
Need assistance?
If you require help with ordering your SMSF documents, get in contact with us via live chat, by telephone on 1300 95 94 76, email team@smartersmsf.com.
Become a Member
We offer the following subscription for Create (Comply) document suite:
Price – $143 (incl. GST) per / month
or
$1,430.00 (incl. GST) / year
providing unlimited monthly access available on the Smarter SMSF platform.
Who prepares the documents?
The create comply documents are a joint collaboration of Smarter SMSF with Licensing for Accountants (L4A). Kath Bowler, CEO of L4A is a recognised industry leader in the licensing space for accountants and has developed these suite of unlicensed letters with Smarter SMSF. All templates have also gone through and had legal review and sign-off by Holley Nethercote Lawyers.
Members can utilise these letters in conjunction with the suite of SMSF legal, pension and compliance documents currently available through Smarter SMSF.
How does the integration with Simple Fund 360 and Class work?
The integrations allow you to automatically complete sections of each step, including fund, member and account details, saving you significant time in the process of providing these services.
You can watch the webinar on ‘unlicensed accountants in the current landscape’ to see how the integration works.
What if I don't use Class or Simple Fund 360 - can I still use these templates?
Yes, absolutely. You can still enter data into the forms to automatically populate the templates throughout each step of a particular process. You can complete as individual steps or using the workflow tool.
Do these letter protect me if I am not licensed?
Not definitively, because we can’t control the conversation that you may be having with your clients. It is important to remember that you cannot provided an opinion – either express of implied as you may have overstepped the financial product boundary. However, where you have provided facts only having regard for the current laws, these documents allow for the execution of services (as listed) in a practical and compliant way.
Further information and ASIC guidance is provided within the References section.
I am licensed, can I use these for execution only services?
You will need to discuss this further with your licensee. You can also get in contact with L4A on 1300 930 328 to discuss these issues further.
Can I buy a particular step of the unlicensed templates individually?
No, following the process built within the templates and workflow is critical to ensure that providing any execution of services has contemplated issues such as the individual having been given the opportunity to seek advice.
Can I buy these templates individually on a PAYG basis?
No, at this stage we are not offering the templates Pay-As-You-Go for use, these must be utilised through the monthly or annual subscription.
These documents may become available on a PAYG basis in the future, however with the ongoing release of guidance from ASIC at this stage, we feel it is important to maintain control of the templates for use through subscription.
Can I access the 'execution' documents (Step 3) available on Smarter SMSF?
Yes, either as a separate subscription of the create or create legal products, or within our Accountant’s Bundle. Alternatively, these documents can be purchased on a PAYG basis through the Smarter platform.
Process
The following diagram shows the process for the Create Comply product in providing services as ‘execution only’ as an unlicensed accountant.
