Elegance Accounting in Burwood and regardless of your location whether you are in Glen Waverley, Mount Waverley, Box Hill or Vermont can advise you on every aspect of the SMSF and can take over the accounting and tax process, which requires compliance and auditing. We can also help you to borrow for investment with compliance to the special borrowing rules of self-managed super funds. If you have already made the decision to set up your own fund we can also take over the whole process.

A SMSF (Self-Managed Super Fund) is heavily regulated trust and breaching its rules may have severe penalties. It requires dedication and good management in order to achieve the economic return one would hope to. The trustees must also understand their responsibilities and obligations, which can be an administration burden.


A self-managed super fund has basic requirements that must be met:

  • Maximum number of members is 4.
  • Each member of a SMSF must also be a trustee of the fund, and all trustees must be members.
  • The Trustee can be an individual or a company.
  • A SMSF trustee cannot receive payment for performing the role of trustees.
  • No member of a SMSF can be an employee of another member unless they are relatives.

The operation of the fund has several rules, which must be understood to avoid breaching them. Elegance accounting is here to support and advise.

Contact us today to receive a highly professional service

Our offices are conveniently located in Burwood, allowing us to support small business throughout Melbourne.To request our services please call 03 9808 1111 or 04 3984 1952. Alternatively drop us an email at and we shall reply as quickly as possible.