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Investment option
Trust investments create structure, valuation and distribution context.
Unit trusts and other trust interests may create ownership, distribution, valuation, related-party and in-house asset questions that need to remain visible.
At a glance
A unit balance does not explain the structure.
Trust
Units held
Acquisition
Structure
Distributions
Valuation
Related parties
Trust documents
The fund should be able to see the holding and the trust structure behind it.
Operating position
What sits behind a trust investment.
01
Unit position
Keep the trust name, units, acquisition and ownership details visible.
02
Structure context
Record the trustee, underlying activity and relevant relationships.
03
Distribution position
Keep distribution statements, cash received and tax components connected.
04
Valuation position
Record how the unit interest is valued and what evidence supports it.
Evidence position
Keep trust documents and distributions together.
The holding is easier to review when ownership, structure, distributions and valuation records remain connected.
Trust deed
Unit certificates
Unit register
Distribution statements
Trust financial statements
Valuation evidence
Attention points
Trust structures can create additional questions.
Related parties, control, underlying assets and valuation may all affect professional review.
01
Related-party position
Connections between the SMSF, trust and other parties should be clear.
02
Underlying assets
The fund may need visibility into what sits behind the unit holding.
03
Valuation
Unit value may depend on private financial information or underlying asset values.
04
Distribution evidence
Cash received may not explain the full tax and accounting position.
How SMSF Home helps
Keep the trust investment position visible.
01
Trust register
See each unit trust or trust interest separately.
02
Structure context
Keep trustee, ownership and relationship details connected.
03
Distribution records
Attach distribution and tax evidence to the holding.
04
Valuation history
Keep valuation dates, methods and supporting records visible.
Bring the trust position home
Keep units, structure, distributions and valuation 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