Is it legal for an SMSF to own 100% of its wealth in one asset?

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Adj Prof Dr Brett Davies

Adj Prof Dr Brett Davies

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发布日期: 2019年8月16日

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Is it acceptable to have 90% of your SMSF in one asset?

The ATO attacks SMSFs that have most of their wealth in one asset. About 17,700 self-managed super funds hold 90% or more of their funds in one asset or a single asset class. The ATO is concerned:

1. Have the trustees given due consideration to diversifying their fund’s investments? If not this can put the fund’s assets at risk.
2. Lack of diversification or concentration risk can expose the SMSF and its members to unnecessary risk if a significant investment fails.

Last time I checked the ATO is not licenced to give financial planning advice. Why is the ATO sticking its nose into areas for which it has no skill or permission to be in?

This is how the accountant and auditor appease the ATO's latest fad.

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