What is the Self-Managed Superannuation Funds industry?
The distribution of SMSFs is closely correlated with the distribution of population in Australia and the levels of income. The majority of SMSFs are incorporated on the eastern seaboard, with New South Wales, Victoria and Queensland accounting for an estimated 79.3% of SMSFs. This is not surprising, given the eastern states account for over three-quarters of the total population and have the highest gross household median incomes. However, it is worth noting that the location or incorporation of an SMSF is not crucial for its operation as these entities do not have an actual physical presence... purchase to read more