The prime responsibility of a director or trustee of a superfund is to ensure that fund investment decisions are according to the Sis Act. If the Sis Act is not followed fully then penalties and interests can be imposed on tax rates. The superfund can be assigned a non-complying status. 

To avoid these negative implications, it is important to acquire the services of professional tax agents and superfund specialists before you make any decision. 

The following investment decisions face many restrictions according to the Sis Act. 

• Investment in collectables and private use assets
• Buying rental property on mortgage
• Giving loans to members and their associates
• Borrowing money 
• Getting assets from related people

As expert tax agents, we are well-versed in all the issues that are related to a superfund and can provide you with advice on investment decisions. 

Get in touch with us to see if super follows the Sis Act. Otherwise, there could be many unwanted consequences.