Why choose Smarter SMSF Documents?

As Accountants ourselves, we understand that you are time poor, and want a smarter way of ordering Australian SMSF documents that are current and regularly updated.

Smarter SMSF is industry connected and nimble, so as changes occur in regulation or legislation we review and adapt our documents accordingly. 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. For example, our Deed not only stays up-to-date with the latest superannuation laws, but also strategically considers topics impacting membership, contributions, income streams, estate planning and more.

Smarter SMSF documents have been built by SMSF specialists, Aaron Dunn (CEO, Smarter SMSF), Ian Glenister (Legal Officer, Smarter SMSF), and Chris Hill (Director, Hill Legal); for use by practitioners who need the confidence that comes with using best practice SMSF documents drafted by industry leading experts. Our comprehensive range of documents and user-friendly platform will guide you in creating your documents to make sure you are always accurate, thorough and compliant.

Tell me more about Smarter SMSF Subscription Document packages?

Why choose a Document package?

The advancements in technology and integrations have been a significant time-saver to help drive solutions for practitioners. That is why all our documents integrate with your BGL or CLASS software.

So, what about your Return on Investment? Here is where we save you money.

Our Subscription packages offer our full range of documents at a flat rate per month or once off for the year. This enables you to stay within your budget by predicting and controlling your spend.

By calculating how many documents you would need within a full year, then purchasing a cost-effective package. For example, as a member of Create25 – you are provided with online access to all our documents, to create up to 25 documents annually for only $150 per month. Where if you had to buy a document on the go (PAYG), it could cost you up to 3 x that amount per month.

Our Create packages give you the flexibility of accessing any pension, compliance or legal documents you may need. Simply determine the number of documents you would use annually, then select the monthly subscription package that works for you.

Can’t I get some of these documents in my Accounting Software?

Yes, you are correct, however these documents from the SMSF software are more generic in nature and don’t necessarily follow the rules of the trust deed, or are regularly updated.

Our pension documents for example have additional features that can be created and adjusted because they link back to the trust deed. If you would like further technical understanding of these issues, please don’t hesitate to contact us.

What if I need more documents?

You can easily upgrade to the next package. Just drop us an email or upgrade via the dashboard on our platform. Your new subscription rate will kick in from the next month.

What documents are included in the New SMSF package/Fund Establishment?

Upon completion of your order, the new SMSF package will generate the following documents:

  • SMSF Trust Deed
  • Product Disclosure Statement (PDS);
  • Consents for the Trustees, or directors of the corporate Trustee;
  • Trustee minutes relating to the set up the SMSF;
  • Application for membership, including TFN notices;
  • Sample Death Benefit Nomination forms;
  • ATO trustee declarations; and
  • Bank Account establishment kit explaining what to do next.

Having completed your order, you also have the ability to prepare a range of additional documents including (nut not limited to) the fund’s Investment Strategy and Death Benefit Nominations for each member.

What can I call a New SMSF?

Anything you like, as a super fund doesn’t need a name under the common law; no trust does. A trust is not a legal entity, it is a relationship. It is one entity (trustee) holding an asset for the benefit of another entity (beneficiary).

We’ve seen some clever and funny names along the way including Spendid the Kid’s Inheritance Super Fund, MoneyTree Super Fund, Rolling Rich Super Fund, and the Super Duper Super Fund.

Typically, however we see most people taken a practical approach to naming conventions linking back to a family name – e.g. John & Jane Citizen may call their SMSF – Citizen SMSF, Citizen Super Fund, Citizen Family Super Fund, Citizen Retirement Fund – just to name a few…

  • Importantly, it would be unwise to choose a name that:
  • is obscene
  • is seditious
  • is defamatory
  • suggests connection with royalty or government
  • is misleading or deceptive, or
  • is the same as an unrelated commercial enterprise.
  • From a practical point of view perhaps it might be best to:
  • use a short name
  • don’t bother with ‘The’
  • use ‘Super’ in preference to ‘Superannuation’
  • not use a name that readily identifies the members or connection with the member’s business.

Who maintains the Smarter SMSF trust deed to ensure compliance with the law?

All SMSF documents available on the Smarter platform are drafted and maintained by leading SMSF specialists:

Ian Glenister (Legal Officer, Smarter SMSF), B.Juris  LL.B PC SMSF (Uni Adel) SSA

Chris Hill (Principal, Hill Legal), LL.B; B.Juris; Dip.FP; CFP; TEP; LIV Accredited Specialist; SSA

Aaron Dunn (CEO, Smarter SMSF), B.Bus (Acc), CPA, SSA

Who needs to sign the Trust Deed Documentation?

All parties to the Deed will be required to sign, including the trustees or directors of the corporate trustee and members.  In some cases, additional parties such as a Founder or employer sponsor may also need to sign as a party to the deed.

Through the upgrade process, we can arrange for the removal of any additional party that you may no longer wish to have included in the documentation – they will still however need to sign the updated deed as being removed in this process.

What information is required to update the Trust Deed?

You will require information about the fund, including:

  • Fund Name, when the fund was established, etc.
  • History of the fund including any previous variations including relevant clauses that allow for the update to occur.
  • Trustee details, member information and any other parties to the fund’s deed which may include a founder and/or employer sponsor.

If an individual or entity is removed or added as a trustee of the fund, what additional reporting is required?

Where an individual is added or removed, you will be required to report this information to the Australian Taxation Office (ATO) regarding their position as trustee or director of the corporate trustee, along with their membership status within 28 days of the change.  Failure to comply could result in administrative penalties being applied by the Regulator.

Where a trustee company is appointed or removed, you will also need to report this information (including changes to directors) to the Australian Securities & Investment Commission (ASIC) within 28 days of the change.  Failure to comply will result in late lodgement penalties for the company.

What documents are included in the Pension Commencement document?

Upon completion of your order, the pension commencement documents will generate the following documents:

  • Product Disclosure Statement (PDS);
  • Member request commencing income stream;
  • Trustee Resolution commencing pension;
  • Trustee Notification of pension commencing
  • * COMING SOON* Pre-populated Transfer Balance Account report (TBAR)

What is an Investment Strategy?

What is an Investment Strategy?

The investment strategy should be writing and must be regularly reviewed to ensure that it continues to reflect the purpose and circumstances of the fund and its members.  Any decisions made and reviewed by the trustees should be documented and maintained for a minimum of 10 years in accordance with the record keeping requirements.
When preparing and reviewing an investment strategy, the trustees must take into account the personal circumstances of all the fund members, including their age and risk tolerance.  Super laws require that the trustee(s) consider:
  • diversification (investing in a range of assets and asset classes)
  • the liquidity of the fund’s assets (how easily they can be converted to cash to meet fund expenses)
  • the fund’s ability to pay benefits (when members retire) and other costs it incurs
  • the members’ needs and circumstances (for example, their age and retirement needs).
In addition, the trustees must consider whether to hold insurance cover (such as life insurance) for one or more members of the fund.

Do I need an Investment Strategy and what documents does it produce?

Does an SMSF need an Investment Strategy?

Yes, the covenants within section 52B of the SIS Act (super laws) requires that the trustee(s) of a SMSF to have an investment strategy.  This sets out the fund’s objectives and specifies the type of investments that the fund can make.


What documents does Smarter SMSF produce for the Investment Strategy?
Following completion of the order, the following documents will be generated as part of the completed order:
  • Investment Strategy Report; and
  • Trustee minute accepting and adopting the updated investment strategy

More information is available on the Investment strategy page: https://smartersmsf.com/documents/investment-strategy/

Tell me more about BGL Subscription bundles?

What is the benefit to me?

As BGL and Smarter SMSF know, Accountants and Accounting practices are generally very time poor, and want a simple and smart way of ordering documents without leaving the software… The advancements in technology and integrations have been a significant time-saver to help drive solutions for practitioners. So bringing a seamless document solution right from within your SMSF software is a great solution.

Who prepares the documents?

The legal documents are drafted and maintained by Ian Glenister (Legal Officer, Smarter SMSF) and Chris Hill (Director, Hill Legal).  Along with Aaron Dunn (SMSF Specialist).

Why Smarter SMSF Documents?

Smarter SMSF documents have been built by SMSF specialists, for use by practitioners who need the confidence that comes with using best practice SMSF documents drafted by industry leading experts. The Smarter Deed for example, not only stays up-to-date with the latest superannuation laws, but also strategically considers topics impacting membership, contributions, income streams, estate planning and more.

How does payment work for document ordering or subscription?

From the order documents screen within Simple Fund 360 you can choose to ‘select your package’ and choose the subscription that suits your business. Your user profile details from BGL will pass into the shopping cart to make the purchase process a simple experience. You will then receive confirmation of your subscription and welcome email with further instructions. If you wish to order on a PAYG basis, a credit card option will appear at the bottom of the form which must be processed before the document can be submitted. Smarter SMSF is offering a discount to BGL users on their standard PAYG document pricing.

Where can I find a list of all the available documents?

The complete list of documents available can be found on the Smarter SMSF website,  https://smartersmsf.com/documents
How can I tell how many documents I  have remaining in my subscription?
BGL will update you regularly with opening balances, documents ordered and closing balance within your subscription. An alert will be provided where your closing balance is less than 5 orders. You order balance will reset each year on the anniversary of your subscription.
What if the document I want isn’t yet available within Simple Fund 360?
By connecting your Simple Fund 360 account to Smarter SMSF you will be able to access the complete list of documents available via the smarter platform. Within the order documents page, you can select ‘additional documents’ which will open a new tab and open the documents page on the smarter platform. You will be automatically authenticated to access the site, where your subscription will also apply to any documents ordered here (and will update BGL). Various documents within the platform already have integration features allowing you to get information from your Simple Fund 360 or CAS 360 software.
What happens when I’ve used all my documents within my subscription?
If you use all the documents within your subscription bundle, you can either upgrade from your existing bundle to a higher bundle or alternatively purchase documents on a PAYG basis until the anniversary of your subscription. Once your subscription anniversary arrives, your opening balance of available documents to order will reset.


Can I change my subscription at any time? If so, how does the subscription change?
You can upgrade your subscription at any time to a higher document bundle. Where this upgrade occurs, the subscription date will reset to this new date and apply the available documents for us over the next 12 months. Upon the anniversary of the subscription it will renew at this revised higher bundle. If you wish to downgrade or cancel your subscription, you are liable for the fees incurred for a 12-month subscription as part of the terms and conditions of this document service.



Why choose Smarter SMSF Training?

We are an industry recognised, award-winning technical education provider in Australia. We can assist you with our Continuing Professional Development (CPD) learning packages to help you excel in your role. Providing increased value to your organisation and your clients. Smarter SMSF CEO, Aaron Dunn, is a Certified Practising Accountant (CPA) and SMSF Specialist Advisor (SSA), who has worked within the SMSF sector for more than 20 years.

Financial service professionals rely on Smarter SMSF for expertise on SMSF’S and the growth of the sector. Our insights into technical issues and the SMSF industry means we are regularly asked to participate in government and regulatory reviews.



Hear from those who made the smart move

Kylie Anderson, RJS Accounting Services

“As a small firm it isn’t easy to keep up with the constant changes in the SMSF industry, so having access to specialised advice and documents when needed is paramount to continuing the high level of service we offer our clients. The response time to questions is incredible.  And the online access to templates to create compliance documentation for our clients with the ever-increasing need for minutes and documentation is invaluable to our firm.”

Ati Ardian, Crosscorp Business Advisors

“I Iove that we have a someone who knows what is going on with Super Legislations (especially with the webinar updates) and also the ability to tap into documents that are prepared by the lawyers to document all the SMSF documentation requirements. The Smarter SMSF pension documents, for example have additional features that can be created and adjusted because they link back to the trust deed. “

Robert Petagna, Argentum Consulting

“Great training session as always. I went to both the 2017 SMSF Day and 2018’s Perth SMSF Day, both of which were very good. And as a Learn (training) member, was happy to receive a hugely discounted price on these events too. Once again I have come away feeling that I received great value for my time and money. Nice Work Aaron! Thank you.”