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As a trustee of an SMSF you will be responsible for meeting a range of legal and other obligations and penalties may apply if you don't perform your duties.
Some of the key responsibilities include:
You should consider seeking professional advice or guidance when deciding on the best superannuation solution for you. It is recommended that you also seek advice from a registered tax agent to determine the tax implications for you. NAB is not a registered tax agent and the tax information contained on this website should not be relied upon to determine your personal tax obligations.
We're giving you the tools you need to get you started with your SMSF: