• JCMB Consulting

    Self-managed Superannuation Fund Audit and Consulting Services


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  • JCMB Consulting

    Trusted, Experienced, Professional - Superannuation Services in Inverloch


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With the use of lots of acronyms and references to legislation, superannuation can certainly sound like a different language.  I will use this segment for the next few months to try to explain some of these terms in simple English.

Governing Legislation - SISA and SISR
Superannuation Funds are governed by their Trust Deed, as well as the requirements of SISA – Superannuation Industry (Supervision) Act 1993, and SISR - Superannuation Industry (Supervision) Regulations 1994.

These requirements set out rules for the Trustees of super funds to follow in the composition of the Trustees, decision-making, investing, accepting contributions, paying benefits and the everyday operations of the Fund.

You will note in the Fund Audit Report a list of SISA Sections and SISR Regulations that the Auditor is required to report on.  These are not the only sections or regulations that apply to the Fund, but are the ones that the ATO is interested in monitoring through the process of the external audit.

In addition to SISA and SISR, the responsibilities of Trustees are set out in the Trust Deed, Trust Law, Common Law and the Corporations Act (if the Trustee is a company).


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JCMB Consulting Pty Ltd
PO Box 480, Inverloch, VIC 3996

ABN 86 768 265 615
Michele Beattie – Principal

C.A., B. Commerce (Melb), Approved SMSF Auditor / SMSF AUDITOR NUMBER - 100 087 330

Liability limited by a scheme approved under Professional Standards Legislation