09/09/2026
Some SMSF issues don’t become problems overnight. They usually start small, sit quietly in the background for years, then suddenly matter a lot when a review, restructure or audit happens later. 👀
Unit trusts are one of the biggest examples of that. On paper, the structure can look completely fine. But depending on what’s happened inside the trust over time, borrowing, charges, documentation or related party arrangements, the compliance position can shift pretty quickly. ⚠️
That’s why Reg 13.22C matters more than most people realise. Not because firms don’t know the rule exists, but because these issues often happen gradually and are only picked up once someone properly reviews the file.
This is exactly the kind of practical audit insight we focus on inside the Seamless SMSF Academy and through ongoing audit support 🤝 Helping firms spot issues earlier, understand the downstream impact, and stay ahead before small problems turn into much bigger ones later.