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New SMSF Setup

If you are ready to establish a new SMSF, ESUPERFUND can handle all aspects of the setup process for you. More importantly under our current promotional offer it is FREE to establish an SMSF with ESUPERFUND. Follow the simple steps below to start your SMSF journey. Please seek independent financial and taxation advice to ensure this is the right decision for your circumstances.

Step 1

You register and submit your application online

Begin your SMSF journey by first quickly registering through our user-friendly website. You will then gain secure access to our Client Portal to submit your online application.

Timeframe: This can normally be completed in just five minutes.

Step 2

You review and sign the SMSF Documentation

After submitting your application, we will automatically generate your SMSF Establishment Documentation, typically within minutes. This includes all necessary documents, such as the SMSF Trust Deed, Investment Strategy, bank, and broker applications. In rare cases requiring manual review, we will notify you via text when your documents are ready.

You have one month to review these documents, and you can cancel at no cost if you change your mind. If you wish to proceed, simply sign and upload the required pages and Trustee Identification.

For your convenience, only signature pages are included in the SMSF Establishment Documentation. The full Trust Deed and other supporting documents are in your Client Portal. Keep the signed documents as proof of your SMSF's existence.

Timeframe: You have one month to review and return the documents. A detailed step-by-step guide can be found in your Client Portal.

Step 3

We register your SMSF with the ATO

Once we receive your signed documents and identification, ESUPERFUND will lodge your ABN (Australian Business Number), TFN (Tax File Number), and GST (Goods and Services Tax) applications with the ATO. An ABN is usually issued instantly, but may take up to 28 days if a manual review is required.

Then the ATO reviews your SMSF registration which can take from a few days up to 56 days. If additional information is needed, the ATO will contact you directly.

Timeframe: Typically it takes a few days for the ATO to issue the ABN and register your SMSF. In rare cases, it is at the ATO’s discretion as to when your SMSF can be fully registered. More information about the ATO registration process can be found here.

Step 4

We can establish your SMSF Bank Account

Documentation to establish a Transaction Bank Account is included with the SMSF Establishment Documentation prepared for you when you submit your online application to establish an SMSF. On receipt of the signed application, ESUPERFUND will arrange for the Transaction Bank Account to be established for your SMSF.

We use the ANZ V2 Plus Account as a Transaction Bank Account. Fees charged for use of the account are available here. This is because we are able to electronically access the transactions made by your SMSF in order to attend to the SMSF Annual Compliance requirements. That is at the end of each financial year, your chosen Bank will send to ESUPERFUND an annual data file of all your SMSF Transactions. No records are required from you each year as we already have access to the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your Transaction Bank Account and cannot actually login to your Account to access the required data.

You can also choose not to use the ANZ V2 Plus and may choose to use another bank instead. If you use your own provider, data will not be accessible by ESUPERFUND and you will need to source and provide this data to ESUPERFUND annually. For more information on the Transaction Bank Account, please click here.

Timeframe: The Bank Account Application will only be forwarded to ANZ Bank once the ATO issues an ABN, TFN and updates the status of the SMSF on the SuperFund Look Up to "Registered" or “Complying”. The Bank will process the Application and then notify you directly of your SMSF Bank Account details including the account number, login and password in approximately 1 to 2 weeks from the date that your application is processed.

Step 5

We can establish your Share Trading Account Details

When you become a client of ESUPERFUND and you choose to open a Share Trading Account with ESUPERFUND, a Share Trading Account will be established for your Fund enabling you to trade CHESS Sponsored Australian Shares online. ESUPERFUND will setup the Share Trading Account using EBROKING. However this is not compulsory and you may choose to set up a Share Trading Account with your own provider.

Documentation to establish a Share Trading Account is included with the SMSF Establishment Documentation prepared for you when you submit your online application to establish an SMSF. Your SMSF will have a Share Trading Account to buy and sell Shares. Find out more about the Broker. If you choose to open an EBROKING Share Trading Account, on receipt of your bank account details from ANZ, ESUPERFUND will arrange for the Share Trading Account to be established for your SMSF.

Importantly once your SMSF is established you can add Optional Brokers approved by ESUPERFUND in addition to the Broker selected by you when your SMSF is established (i.e. EBROKING). These additional Approved Optional Brokers allow you to expand your trading options to include International Shares (including Non CHESS Sponsored Australian Shares), CFDs, Options, Warrants, Futures and Forex. For more information on Optional Brokers, please click here.

We use EBROKING and additional Approved Optional Brokers as Broker Accounts. Fees charged for use of the accounts are available here. This is because we are able to electronically access the Trading transactions made by your SMSF in order to attend to the SMSF Annual Compliance requirements. That is at the end of each financial year, your chosen Broker will send to ESUPERFUND an annual data file of all your SMSF Transactions. No records are required from you each year as we already have access to the data. It is important to understand that only electronic data files are provided to ESUPERFUND. We have absolutely no access to your Broker Account and cannot actually login to your Account to access the required data. For more information on the Share Trading Account, please click here.

It is not compulsory to setup and use the EBROKING Account and you are permitted to use other Australian Share Trading Accounts for your SMSF. However if you establish an Australian Share Trading Account other than with EBROKING, data will not be accessible by ESUPERFUND and you will need to source and provide this data to ESUPERFUND annually.

Timeframe: The Trading Account Application will only be forwarded to EBROKING once the ATO has issued an ABN, TFN and updated the status of the SMSF on the SuperFund Look Up database to "Registered" or “Complying” and your ANZ account is established. The Broker will process the Application and then notify you directly of your SMSF Trading Account details including the account number, login, password and the CHESS holding number (HIN) in approximately 1 to 2 weeks from the date that your application is processed.

Step 6

We confirm SMSF Establishment

Once your SMSF has been established, a "Final Establishment Package" will be sent to your Client Portal Inbox. This Package will include:

Your SMSF Australian Business Number (ABN) and Tax File Number (TFN).
Your SMSF ANZ V2 Plus Account Details.
Your SMSF EBROKING Share Trading Account Details.
Instructions to rollover your existing Super Benefit to your SMSF
Prepopulated Employee Standard Choice Form to enable your SMSF to receive Employer Super Contributions.

Timeframe: In most cases, the "Final Establishment Package," containing all SMSF setup details, will be sent to you approximately 4 weeks after we receive your signed SMSF documentation.

Step 7

You rollover Existing Super to Your SMSF Bank Account

Once your SMSF is established, you can apply through your Client Portal to transfer your existing Super Benefit to your new SMSF. Detailed rollover instructions can be found in the "Final Establishment Package" from ESUPERFUND. Learn more about the Rollovers process here.

Timeframe: Your existing Superfund is legally required to transfer your Super Benefit within 28 days of your application but may do so sooner.

Step 8

You can start investing

After rolling over your Super Benefit, you can start investing. For more information on Investments Allowed for your SMSF, please click here.

Timeframe: You can expect to start investing your Super Benefit approximately 5-8 weeks after initiating the SMSF setup with ESUPERFUND.

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We have had SMSF's set up within a few business days and some that can take 28 days and so it's difficult to provide an accurate timeframe however generally most funds would be set up within 2 weeks after you return all the documentation. Please see below for further details.

ABN & TFN Application (Timeframe – 1 hour to 28 days)

The ABN and TFN Application for your SMSF will be automatically lodged with the ATO once we receive all the required documentation from you.

The ATO assesses the application and in most cases issues an instant ABN. We will then receive the TFN for your SMSF within 1 to 2 hours.

In some cases the ATO refers the application for further assessment based on various reasons that may include trustee's information not matching with the ATO database (and ASIC if applicable), trustees having outstanding personal or business tax returns or other reasons not disclosed by the ATO. Should this occur it may take 28 days for the ATO to issue the ABN and TFN for your Fund.

It should be noted that the above timeframe is not within our control and the ATO will not provide us with an update on your application for the first 28 days.

ABN Registration (Timeframe – 1 day to 56 days)

The ATO reviews and checks all SMSF applications prior to adding the SMSF to the "Superfund Lookup" (SFLU) as an ATO regulated SMSF.

For newly registered SMSFs, your first status on SFLU is 'Election to be Regulated is being processed'. This means:

The ATO is undertaking checks before they can record the SMSF as ATO-regulated.
Other super funds cannot make transfers or rollovers.
Employers cannot make super guarantee contributions.

Please note that the ATO may contact you directly if they require further information/documentation from you.

As noted above this timeframe is not within our control and dependant solely on the ATO.

Bank/Broker Application (3 days to 5 days)

Once your SMSF is registered with the ATO, the bank application for your SMSF will be forwarded to ANZ Bank for processing immediately.

The account establishment normally takes 3 to 5 business days.

General Advice Warning

No Advice Express or Implied: The contents of this website are of a general nature only and have not been prepared to take into account any particular investor's objectives, financial situation or particular needs. ESUPERFUND does not provide financial product advice or recommend any financial products either expressly or implied. ESUPERFUND expressly states that it does not recommend, represent as suitable, or endorse any financial product or service available through ESUPERFUND. This applies equally to those financial products which are established for your SMSF when you become a client of ESUPERFUND. Any information provided in relation to any financial product or service available through ESUPERFUND is factual information only about the operation of the account and how data is made available to ESUPERFUND. Where this website refers to a particular financial product then you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the PDS before making any decision about whether to acquire the product. We also recommend that you should seek professional advice (see below) from a financial adviser before making any decision to purchase any financial product referred to on this website. While the sources for the material are considered reliable, responsibility is not accepted for any inaccuracies, errors or omissions.

Seek Professional Advice from a Financial Adviser: ESUPERFUND is a no advice model and does not provide financial, legal or tax advice to clients. We recommend that you seek appropriate professional advice in view of your personal circumstances. A licensed financial adviser will consider your personal situation and make a recommendation suitable to your financial needs. All information detailed on our website is purely factual and is general in nature. Accordingly, you should not rely on it. It should always be remembered that Trustees are legally responsible for all the decisions made even if you obtain advice from a Financial Planner. Whilst a Financial Professional can provide advice and assistance you are ultimately responsible for the Fund.

Fees: Fees relating to operating your SMSF with ESUPERFUND are detailed on our fee page here. When setting up a SMSF it is important to understand that additional fees may apply that must be carefully considered prior to making a decision to setup a SMSF including an ATO Supervisory Levy, Company Trustee Setup Fee (where applicable), and Investment Fees.