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Investment option
Listed shares create more than a market value.
A listed share position carries ownership, transaction, dividend, taxation and review context. Trustees need to see the holding and the evidence around it as one fund position.
Holding position
The asset, movements and evidence belong together.
Ownership
Quantity
Market value
Transactions
Dividends
Franking
Tax records
Professional review
A share portfolio should remain visible between annual reviews.
Operating position
What sits behind a listed share holding.
01
Ownership position
Keep the company, market, quantity, acquisition details and current holding position visible.
02
Transaction history
Buys, sells, brokerage, transfers and corporate actions should remain connected to the holding.
03
Income position
Dividends, franking credits and distributions create evidence and annual review requirements.
04
Valuation context
Market value changes over time and needs to sit within the wider fund position.
Evidence position
Keep the evidence attached to the holding.
The holding record is easier to review when ownership, transactions, income and tax evidence remain connected.
Broker and platform statements
Buy and sell confirmations
Dividend statements
Annual tax summaries
Corporate action records
Transfer and ownership evidence
Attention points
The holding may need more than passive storage.
01
Concentration
A large position in one company or sector can change the risk and diversification conversation.
02
Income evidence
Dividend and franking information needs to remain visible for accounting and annual review.
03
Corporate actions
Splits, consolidations, takeovers, rights issues and other changes can alter the fund record.
04
Transaction context
The holding history should explain what changed, when it changed and what evidence supports it.
How SMSF Home helps
Keep the listed share position visible.
01
One holding position
See ownership, value, income and evidence around the listed share holding.
02
Connected documents
Keep statements, confirmations and tax records attached to the relevant asset position.
03
Movement visibility
Track acquisitions, disposals, dividends and other movements without relying only on year-end reconstruction.
04
Professional context
Prepare cleaner information before accounting, audit or advice conversations.
Bring the holding home
Keep the listed share position, movements and evidence together.
Home Helper™ source and review record
Primary guidance sources
This educational summary is not a substitute for the current law, regulator guidance or advice based on the fund's circumstances. Use the primary sources below to check the rule and later changes.
- ATO - Investment strategy (opens in a new tab)
Source checked 2026-08-21
- ATO - What are the SMSF investment restrictions? (opens in a new tab)
Source checked 2026-08-21
- ATO - Valuation guidelines for self-managed super funds (opens in a new tab)
Source checked 2026-08-21
Resource version 1.0.0 / Content reviewed 2026-08-21