SMSF Tech Bite
Providing building services to your own SMSF
If you are a professional builder and want to provide building services to your own SMSF you need to be wary of how the materials are supplied. You cannot use your usual supply source for building materials to the fund as this would not fall within the exceptions for prohibited acquisitions from a related party. The easiest remedy for this is to formally appoint the builder as the agent for the SMSF in the procurement of materials.