Wind up a self-managed fund and close its reporting
Key facts
- Human involvement
- GreenLawyer review
- How AI is used
- From the fund’s assets, member balances and receiving funds, build the wind-up checklist: asset sales, benefit payments or rollovers through SuperStream, final audit, final annual return, notifications and closing the bank account, with dates and responsible person.
- What the lawyer must review
- The lawyer confirms each member’s benefit can be paid or must be rolled over, checks the order of steps (rollovers before the ABN is cancelled), and confirms the final return and notifications are lodged.
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | From the fund’s assets, member balances and receiving funds, build the wind-up checklist: asset sales, benefit payments or rollovers through SuperStream, final audit, final annual return, notifications and closing the bank account, with dates and responsible person. |
| Lawyer | The lawyer confirms each member’s benefit can be paid or must be rolled over, checks the order of steps (rollovers before the ABN is cancelled), and confirms the final return and notifications are lodged. |
Checklist
- Confirm member records, TFNs and benefit details go only into a tool approved for fund data, and that outputs disclose no member information beyond what the recipient needs.
- Confirm each member’s condition of release or rollover destination.
- Check the sequence against the ATO’s steps.
- Confirm the final audit precedes the final return.
Forms and precedents for this task
| Form or precedent | Kind | AI use | Summary |
|---|---|---|---|
| SMSF wind-up checklist | Checklist | AI use Green | A step list for winding up a self-managed super fund, from the exit plan and the final audit through to the final return and closing the bank account. |
Signed-in accounts can read the full text of each one. All precedents.
Sources
- ATO, How to wind up an SMSF · 2026-10-18
These are suggested working checks. Confirm the required checking with the responsible lawyer before work starts; the checking approach does not establish permission to use AI.