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X Reserve accounts

Last updated 24 March 2021

Did the SMSF have any assets not allocated to members on 30 June 2016?

No

Leave X blank. Go to Y.

Yes

Read on.

Write at X the total value of assets not allocated to members on 30 June 2016.

The use of reserve accounts is strictly limited for SMSFs. For more information see sections 52B and 115 of the Superannuation Industry (Supervision) Act 1993.

QC48236