Australia's most comprehensive SMSF deed and compliance document suite — built for the modern regulatory environment, including full Division 296 Tax compliance from 1 July 2026.
Every MGS SMSF deed includes access to the full compliance document suite below. Each kit contains professionally drafted trustee resolutions, registers, checklists and member forms — ready for your clients to execute.
8 documents covering Trustee acknowledgement, CGT Cost Base Reset Election, annual resolutions, member notices, release requests and compliance checklists. Mandatory for all members with TSB > $3M.
Commencement, minimum payment schedules, TBC notification, annual reviews and commutation resolutions for retirement-phase pensions.
Written investment strategy resolution addressing risk, return, diversification, liquidity, insurance and Division 296 Tax position for each member.
Trustee resolutions and member authorities for accepting rollover benefits from external funds, including SuperStream and tax component recording.
Rollover payment resolutions, Rollover Benefit Statement preparation and member exit procedures for full or partial departures.
Commutation to accumulation resolutions and member requests — used for excess TBC management and strategic Division 296 Tax planning.
TTRIS commencement and management — including the 10% drawdown cap, earnings tax at 15% and conversion to full ABP on retirement.
Non-lapsing and lapsing Binding Death Benefit Nominations, BDBN revocation forms and a triennial review checklist for trustees.
Member death resolutions, BDBN status determination, beneficiary claim forms and Division 296 Tax provision before death benefit release.
Year-end compliance checklist and annual general resolution — covering contributions, TBC, pension minimums and regulatory compliance.
Contribution acceptance resolutions, cap monitoring for 2025–26 and guidance on downsizer, carry-forward and spouse contributions.
New kits added as
legislation evolves
Division 296 introduces a tiered additional tax on superannuation earnings for individuals whose Total Superannuation Balance (TSB) exceeds $3 million. The tax is assessed against the individual — not the fund — and must be paid within 84 days of the ATO assessment, either from personal funds or by releasing benefits from the SMSF.
CGT Cost Base Reset Election: For the 2025–26 income year only, trustees may make a one-off irrevocable election to reset the Division 296 cost base of all Fund CGT assets to their market value at 30 June 2026. This election must be lodged before the due date for the Fund's 2025–26 income tax return — there is no second opportunity. Market valuations of all CGT assets should be obtained now.
Records the Trustee's acknowledgement of Division 296 obligations, instructs the adviser and authorises all necessary actions.
Irrevocable election under s296.50 to reset all Fund CGT asset cost bases to market value at 30 June 2026. Includes Schedule A asset register and valuation methods.
Ongoing register required by s296.55 — separate Div 296 and general tax cost bases, with annual update summary from 2025–26 onwards.
Annual resolution covering fund earnings determination, member TSB attribution, tax calculation and payment method election.
Notifies each member of their ATO assessment, sets out the three payment options and records the member's election.
Formal member application and Trustee approval resolution to release Fund benefits to pay Division 296 Tax directly to the ATO.
7-section pre/post year-end checklist covering all Div 296 obligations for both the Trustee and adviser, with adviser sign-off.
Annual resolution reviewing the Fund's strategy having regard to each member's Div 296 position and Fund liquidity requirements.
Each kit is a self-contained document suite with professionally drafted resolutions, registers, checklists and member-facing forms — designed for immediate use by accountants, financial planners and SMSF specialists.
Comprehensive compliance documentation for the new tiered additional tax on superannuation earnings above $3 million — effective 1 July 2026. All SMSF trustees with TSBs approaching or exceeding $3M should complete this kit immediately.
Covers the full pension lifecycle — from commencement through to commutation. Includes TBC notification and TBAR obligations for each event.
A SIS Act s52(8)-compliant written investment strategy — addressing risk, return, diversification, liquidity, insurance and Division 296 Tax position for each member.
Everything needed to accept a rollover into the Fund — including SuperStream compliance, rollover benefit statement, tax component recording and MATS reporting.
Trustee resolutions and procedures for paying a rollover benefit out of the Fund — including full or partial exits, SuperStream compliance and account closure.
Used where a pension is commuted back to accumulation — for excess TBC management, Division 296 Tax strategy or member request. TBAR debit reporting obligations covered.
TTRIS commencement and management — including the 10% annual drawdown cap, 15% earnings tax during TTR phase, and conversion to a full ABP upon retirement.
Non-lapsing and lapsing Binding Death Benefit Nominations — drafted to comply strictly with the SIS Act and the MGS SMSF Deed, with witness requirements and a triennial review checklist.
Comprehensive process for paying death benefits — from notification through BDBN review, tax assessment, Division 296 Tax provision and payment to beneficiaries or the estate.
Designed for use with every SMSF each year — covering contributions, TBC, pension minimums, audit preparation and all regulatory compliance obligations for 2025–26 and 2026–27.
Contribution acceptance resolutions with cap monitoring for concessional, non-concessional, downsizer and carry-forward contributions — for both 2025–26 and 2026–27.
A Self Managed Superannuation Fund gives you direct control over your retirement savings — the assets you hold, the strategy you run, and how you manage the transition to retirement and pension phase.
Choose your own assets — direct shares, property, managed funds, term deposits, LRBAs and more. Tailor the portfolio to each member's individual risk profile and retirement timeline.
Purchase business premises from members at market value and lease them back — paying rent into your own superannuation. One of the SMSF structure's most powerful tax planning tools.
Investment earnings in pension phase are entirely tax-free — allowing wealth to compound without the 15% accumulation-phase tax. A zero-tax environment for complying pension accounts.
Up to six members in a single fund — ideal for family groups, couples and business partners. Member-directed investment and individual pension commencement where appropriate.
Non-lapsing BDBNs, reversionary pension nominations and death benefit strategies can be integrated directly with the SMSF structure — ensuring wealth passes as intended.
SMSF operating costs are broadly fixed — administration, audit and advice fees don't scale linearly with fund size. The SMSF structure becomes increasingly cost-effective as balances grow.
As trustee of your SMSF, you are personally responsible for compliance with the Superannuation Industry (Supervision) Act 1993, the SIS Regulations, and the Income Tax Assessment Act 1997. The consequences of non-compliance range from administrative penalties to the fund being declared non-complying — attracting a 47% tax on all Fund assets.
Income tax return, regulatory information and member data must be lodged each year. From 2025–26, this includes Division 296 fund earnings reporting for affected members.
An approved SMSF auditor must audit the Fund's financial statements and compliance each year. The auditor must be independent — they cannot be the Fund's accountant or a member.
A compliant written investment strategy must be maintained, reviewed and given effect to at all times — addressing risk, return, diversification, liquidity, liabilities and insurance.
Account-based pension minimum payments must be made by 30 June each year. Failure to meet the minimum means the pension ceases for income tax purposes — losing the tax-exempt status on earnings.
Transfer Balance Account Reports (pension commencements and commutations) and Member Account Transaction Service (MATS) reporting must be lodged within 28 days of each event.
Concessional ($30,000) and non-concessional ($120,000) caps must be monitored at all times. Excess contributions attract significant additional tax levied on the individual.
| Item | 2025–26 | 2026–27 |
|---|---|---|
| Concessional Contributions Cap | $30,000 | $32,500 |
| Non-Concessional Contributions Cap | $120,000 | $130,000 |
| Bring-Forward NCC (max) | $360,000 | $390,000 |
| Transfer Balance Cap | $1,900,000 | Indexed |
| NCC — nil if TSB ≥ | $1,900,000 | Indexed |
| Div 296 — Tier 1 threshold | $3,000,000 | Indexed |
| Div 296 — Tier 2 threshold | $10,000,000 | Indexed |
| Carry-forward CC — TSB limit | < $500,000 | < $500,000 |
| Downsizer contribution (age 55+) | $300,000/person | $300,000/person |
| Accumulation phase tax rate | 15% | 15% |
| Pension phase tax rate | 0% | 0% |
| Non-complying fund tax rate | 47% | 47% |
Questions? Call (02) 9231 5111
Everything you need to know about establishing and managing an SMSF — including Division 296, contribution rules, borrowing arrangements and compliance obligations.
SMSF Resource CentreBefore establishing an SMSF, obtain advice from a licensed financial adviser and an SMSF specialist. Confirm the structure is appropriate for your circumstances, that all members are eligible, and that no member is a disqualified person under the SIS Act.
Create your MGS account or log in at macquariegs.com.au. Registration is free and takes under two minutes.
Provide details for all members and the trustee (individual or corporate). Our order form guides you through every field required — including Division 296 compliance preferences where relevant.
Our team prepares the bespoke MGS SMSF deed and delivers the complete 11-kit compliance document suite.
Execute the deed, register the fund with the ATO, open a dedicated bank account in the fund's name, and prepare the Written Investment Strategy. Complete the Division 296 Kit documents immediately for members with TSBs approaching $3M.
Questions? Call (02) 9231 5111
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