Does SMSF have to have an Investment Strategy?
Yes. The SIS legislation requires funds to have an investment strategy. There is no prescribed format for an investment strategy, and strategy will vary from fund to fund based on, but not limited, the following: • The composition of the fund’s investments • Future contributions to the fund • Risk of investments • Cash flow needs • Liquidity • Age of members The investment strategy must be in writing and should be reviewed at least annually, or when investment opportunities available to the fund are inconsistent to the fund’s investment strategy.
