Yes.  Provided that the Self Managed Superannuation Fund (SMSF) considers the following:

-    The SMSF investment strategy allows it.

-    The shares are not purchase from a member or an associate of the SMSF.

-    Does in pass the related party rules.

-    The SMSF is not in a position to control the company.

-    The transaction / investment passes the sole purpose test.

-    Is it an arms-length transaction?

-    Is it an in-house asset?

-    If the asset is deemed to be in-house then the value of the shares should not exceed 5% of the SMSF total assets.

If you would like to discuss further please contact us:
McNamara and Co - Chartered Accountants, located minutes from the Melbourne CBD
www.mcnamaraandcompany.com.au/contact-us
Phone +61 3 9428 1062
Email admin@mcnamaraandco.com

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