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The ATO advises that the number of self-managed super funds (SMSF) has increased by 29% to 534,000 in five years and with total assets growing to $557 billion, according to the ATO’s latest report.

The report, titled Self-Managed Superannuation Funds: A Statistical Overview 2012-13, shows SMSFs continue have a strong influence in the overall growth of the Australian superannuation industry.

“SMSFs account for 99 per cent of the total number of superannuation funds and 30 per cent of the $1.9 trillion total super assets in Australia,” Assistant Commissioner Matthew Bambrick said.


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