The shift to quarterly reporting will require greater vigilance by SMSFs in recording events while removing the perception they can post-date decisions.

An SMSF can have members will nil-balances but avoiding those is a better compliance option.

SMSF trustees have been found to be very mindful of the costs involved with running their own retirement savings vehicle.

The lag in the reporting for SMSFs is going to create an administrative issue for service providers with regard to the new contributions rules.