What records do I need to keep as an SMSF trustee, and for how long?

SMSF Frequently Asked Questions
1

Trustees must keep financial and compliance records for different periods:

  • Accounting records: at least 5 years.

  • Trustee minutes and decisions: at least 10 years.

  • Member reports and annual returns: at least 10 years.
    Proper records help prove compliance during audits and protect trustees from penalties.