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Simple Fund Basics Training Manual BGL Corporate Solutions Pty Ltd Suite 2, 606608 Hawthorn Road, Brighton East, Victoria, 3187, Australia PO Box 8063, Brighton East, Victoria, 3187, Australia Email:
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Simple fund basics refer to the essential information regarding a fund, such as its assets, income, expenses, and members.
All superannuation funds are required to file simple fund basics, including self-managed super funds (SMSFs).
Simple fund basics can be filled out online through the Australian Taxation Office (ATO) online portal or software such as MyGov.
The purpose of simple fund basics is to provide the ATO with an overview of the financial position and activities of a superannuation fund.
Information such as fund assets, income, expenses, contributions, and member details must be reported on simple fund basics.
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