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New SMSF Setup

If you are ready to establish a new SMSF, ESUPERFUND can attend to all aspects of the setup process for you. More importantly under our current promotional offer it is FREE to establish a SMSF with ESUPERFUND. The process to setup your own SMSF is detailed below. You should obtain your own independent financial and taxation advice about whether taking the above action is appropriate to your circumstances.

Step1

Complete our online application form

To establish an SMSF you need to complete our online application form and submit your application over the internet.

Timeframe: You can submit an online application in as little as 5 minutes.

Step2

ESUPERFUND prepares the "SMSF Establishment Documentation" for you

On submitting your online application to establish an SMSF, ESUPERFUND will prepare all the required documentation to establish your SMSF with the information provided by you in the online application form. You will receive a welcome email from ESUPERFUND with your Client Portal login details and a detailed Step-by-step guide on how to print and upload your SMSF documentation. The "SMSF Establishment Documentation" includes:

Providing the SMSF Trust Deed
Providing documentation to appoint Trustees
Providing Trustee Declarations
Lodgement of an Election for your SMSF to become a Regulated SMSF
ATO Application to obtain a Tax File Number for your SMSF
ATO Application to obtain an Australian Business Number for your SMSF
Sample Investment Strategy that you can adopt for your SMSF or modify if required
Resolutions and minutes to acknowledge the establishment of your SMSF
Application to establish an ANZ V2 Plus Account
Application to establish an EBROKING Share Trading Account

Timeframe: A welcome email with your Client Portal login details and a detailed Step-by-step guide on how to print and upload your SMSF documentation will be sent to you within a few minutes after submitting the online application. You will also receive a text message notifying you that your application has been successfully submitted.

Step3

Print and review the pre-populated SMSF Establishment Documentation

As detailed above, the "SMSF Establishment Documentation" prepared by ESUPERFUND includes ALL the documentation required to establish your SMSF including the SMSF Trust Deed. We understand that establishing an SMSF is a big decision. So it is acceptable if you change your mind after applying to establish the SMSF. In fact when you receive the welcome email with details to setup the SMSF, you will have one month to review the documentation including the SMSF Trust Deed and can cancel the application at no cost to you. Alternatively if you wish to proceed with establishing the SMSF you need to sign and upload the SMSF Establishment Documentation including the Trustees identification.

Timeframe: You have one month to review the documentation including the SMSF Trust Deed and can cancel the application at any time at no cost to you.

Step4

Sign and Upload the pre-populated SMSF Establishment Documentation

For your convenience only the pages requiring your signature are included in the SMSF Establishment Documentation. The full Trust Deed and all other supporting documentation can be found in your Client Portal. Please follow the instructions detailed in the welcome email to print, sign and upload the SMSF Establishment Documentation and the Trustees identification to our office for processing. You must retain the signed SMSF Establishment Documentation as it evidences the existence of your SMSF. Once you sign and upload the documentation, ESUPERFUND will commence establishing the SMSF for you. This includes registering the SMSF with the ATO and arranging to establish the Transaction Bank Account and Share Trading Account. It is important to understand that when you return the "SMSF Establishment Documentation" ESUPERFUND do not require you to sign up for an agreed period of time. You are free to leave at any time and for any reason.

Timeframe: Once you sign and upload the Establishment Documentation it can take approximately 4 weeks to establish your SMSF.

Why it can take 28 days to establish your SMSF?

Step5

ESUPERFUND 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 has issued an ABN, TFN and updated the status of the SMSF on the SuperFund Look Up database to "Registered". 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.

Step6

ESUPERFUND 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 the signed setup documentation, 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.

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". 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 2 to 3 weeks from the date that your application is processed.

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.

Step7

Confirmation of 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.
Prepopulated Rollover Forms to Rollover your existing Super Benefit to your SMSF.
Prepopulated Employee Standard Choice Form to enable your SMSF to receive Employer Super Contributions.

Timeframe: The "Final Establishment Package" with all the SMSF Setup details is sent to you in approximately 4 weeks from the date you return the signed SMSF documentation to our office.

Step8

Rollover of your Existing Super Benefit to your SMSF Bank Account

Once your SMSF has been established you can apply to your current Superfund to transfer your existing Super Benefit to your new SMSF. You cannot apply to Rollover your existing Super Benefit until ESUPERFUND has sent to you the "Final Establishment Package" which will include all your SMSF setup details including the ABN. Learn more about the Rollovers process.

Timeframe: On applying to Rollover your Super Benefit your existing Superfund is legally obliged to transfer your Super Benefit to your SMSF within 28 days from your application date to them. This can happen sooner depending on the efficiency of your current Superfund.

Step9

Invest your Super

Once you have rolled over your Super Benefit, you can begin investing. For more information on Investments Allowed for your SMSF, please click here.

Timeframe: You can expect to begin investing your current Super Benefit in approximately 5-8 weeks after applying to establish a SMSF with ESUPERFUND.

Set up your SMSF with ESUPERFUND Today!

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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.