How to Set Up Your SMSF with Trinity Accounting Practice
Step 1 Decide members and trustees
Pick 1 to 6 members. Choose whether to have individual trustees or a corporate trustee. Corporate trustees provide stronger asset protection and simpler administration when members change.
Step 2 Submit your application
Complete our online form. Provide member and trustee details. Select if you want a corporate trustee. Submit securely online.
Step 3 Corporate trustee setup
If you choose a corporate trustee, we handle the company registration with ASIC. This includes:
- Company name registration
- Appointment of directors
- ASIC forms and setup documents
Step 4 Confirm your setup fee
Corporate trustee setup incurs a one-off fee $3,500 + GST . You pay when you submit. This can be reimbursed from the SMSF once active.
Step 5 We prepare your SMSF setup documents
We handle all legal and administrative steps. We provide:
- SMSF trust deed
- Trustee or corporate trustee appointment documents
- Election to register your fund with the ATO
- ATO applications for TFN and ABN
- Minutes confirming your SMSF’s establishment
Step 6 ATO confirms your fund
ATO mails your SMSF’s TFN. We send your ABN. You get confirmation once the fund is registered.
Step 7 Set up your ESA (Electronic Service Address)
We register your ESA so your SMSF can receive SuperStream contributions and rollovers electronically. This ensures compliance with ATO requirements and smooth transfer of funds.
Step 8 Open your SMSF bank account
Use your fund’s TFN, ABN, trust deed, and corporate documents (if applicable) to open a bank account. This account is for contributions, rollovers, earnings, expenses, and investments. Keep SMSF funds separate from personal accounts.
Step 9 Rollover existing super
Gather your statements. Complete a rollover form. Your current super fund transfers funds into your SMSF account securely.
Step 10 Optionally set up a trading account
If you plan to invest in shares or securities, you may open an SMSF brokerage account with your choice of provider.
Step 11 Begin investing
Once your rollover arrives, you may begin investing. Use your investment strategy and brokerage as you choose.
👉 Trinity Accounting Practice
✅ Accounting Firm in Beverly Hills
☎️ 02 9543 6804
📍 159 Stoney Creek Road Beverly Hills NSW 2209
🌐 www.trinitygroup.com.au
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