The use of larger SMSFs as asset holding structures was overlooked in the government’s promotion of them as family super vehicles.

The steady growth of the SMSF sector has been highlighted by a government minister who has noted its rising place within the superannuation system.

The federal opposition has made an amendment to stalled bill enabling six-member SMSFs, adding a review period one year after it is enacted.

More accurate SMSF performance benchmarking will be facilitated with the release of improved investment return data later this year.