How much does SMSF Australia charge for annual SMSF accounting?

SMSF Australia offers three fixed-fee annual packages: Basic Fund at $1,300+GST (listed shares, managed funds, ETFs, term deposits), Complex Fund at $1,600+GST (adds direct property up to 2, cryptocurrency, precious metals), and Very Complex Fund from $2,000+GST (unlisted assets, private loans, derivatives, NFTs, 3+ properties). All packages include the independent SMSF audit at no additional cost.

Is the SMSF audit included in the annual fee?

Yes. The independent SMSF audit is included in all three annual fee packages — Basic, Complex, and Very Complex. It is not charged as a separate add-on.

Can SMSF Australia service my fund if I am not in the same state?

Yes. SMSF Australia operates nationally across all Australian states and territories. All client meetings and services are conducted via Zoom — there is no requirement to be near a physical office.

How much does it cost to set up an SMSF with SMSF Australia?

The SMSF setup fee is $2,000+GST, which covers corporate trustee establishment (ASIC fee $636), SMSF trust deed ($400), Class Super first-year licence ($250), ABN and TFN applications, investment strategy preparation, and rollover coordination.

Does SMSF Australia provide financial advice?

No. SMSF Australia does not provide financial planning or investment advice. Services are limited to SMSF accounting, tax, audit, compliance, and legal matters.

Can you Invest your SMSF in Cryptocurrency Using Digital Surge?

Yes, Digital Surge is an AUSTRAC compliant exchange which can be used by Self Managed Super Funds to invest in Crypto. Although SMSF Australia does not recommend any one exchange we do look to support clients with the exchange of their choice. This information below is provided collaboratively with Digital Surge on how their platform works within the SMSF Environment.

About Digital Surge

Founded in 2017, Digital Surge is an AUSTRAC-registered Australian cryptocurrency exchange offering 400+ tradeable cryptocurrencies. The platform supports SMSF-specific account types and is designed to provide a simple and user-friendly experience for trustees managing cryptocurrency investments within their fund.

Step-by-Step Guide

Step 1 – Set Up Your SMSF

Before looking to sign up to any banks or crypto exchanges you need to establish your SMSF and wait for it to be marked at compliant by the ATO. We assist clients throughout this process including:

The creation of a corporate trustee
Creation of an SMSF Deed while has the powers necessary to allow for digital asset investments
A template investment strategy for clients to work with that includes crypto options
Setup of your Electronic Service Address so the fund can receive rollovers and contributions
ATO registrations

Step 2 – Establish a Bank Account for Your SMSF

Once we have setup your new SMSF you will need to open an account with an Australian bank.

The bank account must be in the SMSF name, not a personal name

The bank must allow transfers to cryptocurrency exchanges (e.g. via PayID or standard bank transfer)
Although we do not require clients to use any one bank, we are able to help setup ANZ V2 Plus accounts which have proven to be one of the most crypto friendly accounts available from a major bank
For more information about the different bank account options available to SMSFs checkout the article below:

Which bank is best for SMSF accounts?

Step 3 – Create Your Digital Surge SMSF Account

Once your SMSF is setup and compliant and you have an active bank account then you are ready to sign up to your Crypto exchange. Please see below details of how-to setup with Digital Surge:

Sign Up

Visit Digital Surge and create a new account using your SMSF email.

Verify Your Email

Click the link sent to your inbox.

Choose Account Type

On your dashboard, select SMSF as the account type during verification.

Upload Required Documentation

Prepare and upload:

SMSF name, ABN, and registered address
Full SMSF Trust Deed showing all trustees/members
Valid photo ID for trustees
ASIC company extract if a corporate trustee is used

Submit

After submission, SMSF account verification is usually completed within 1 business day. If you require assistance, the Digital Surge support team is available to guide you through the process.

Step 4 – Fund Your Account and Start Investing

Deposit AUD

Transfer funds from your SMSF bank account to your Digital Surge account using PayID or standard bank transfer. The bank account name must match the SMSF account name.

Purchase Cryptocurrency

Once funds are available in your account, you can use the Buy/Sell section of the platform to acquire cryptocurrency assets for your SMSF.

All transactions are recorded within your Digital Surge account and can be exported for regular reporting purposes including your SMSF financials and tax returns.

SMSF Compliance Considerations

When holding crypto in an SMSF, trustees should ensure compliance with SMSF and ATO requirements, including that:

The Digital Surge account is in the SMSF’s name
SMSF crypto is separate from personal crypto holdings
Crypto assets held align with the fund’s investment strategy
No prohibited related-party transactions are undertaken
All holdings and transactions have robust documentation for audit

Reporting and Accountant Access

Digital Surge provides reporting tools designed to assist SMSF trustees, accountants and auditors with year-end compliance and record keeping.

Transaction History and Statements

Complete transaction history including trades, deposits, withdrawals and fees
Custom date range exports
CSV download functionality for audit and tax reporting
Portfolio balances and historical valuation data

Tax and SMSF Software Integration

CSV and API integrations compatible with leading crypto tax platforms
Integration support for Class Super via an API or BGL Simple Fund 360 via third-party tax and reporting providers

Cryptocurrency Storage and Wallets

What Sort of Wallets Will Your SMSF Have?

Your SMSF’s cryptocurrency holdings are stored in Digital Surge custodial exchange wallets under the SMSF account.

Digital Surge uses institutional-grade custody infrastructure, including Fireblocks, to secure digital assets. Fireblocks provides secure digital asset custody technology used by financial institutions globally.

Under this custodial model:

Digital Surge controls the private keys
Assets are held on behalf of your SMSF
Account balances and transaction history are recorded within your SMSF account

Trustees may also withdraw cryptocurrency to an external wallet address for self-custody if required.

Additional Information

Digital Surge provides tools and reporting features designed to assist SMSF trustees, accountants and auditors with managing cryptocurrency investments within a self-managed super fund.

Need help setting up an SMSF of understanding how different investments work? Feel free to reach out to one of our friendly team today!