You required to maintain your fund’s investments separate from the business or personal investments of members, involving your own. It makes sure that the fund has obvious ownership of its investment. To prevent fund assets from creditor dispute and from costly legal action in order to prove who is the owner, so that asset must be recorded in following ways:
• Separate them from your business and personal assets
• Shows legal owner of the fund
Fund assets can be held either the individual trustees or the corporate trustees, but assets cannot be takes place under the trustee name or by individual member and also it should not held by their associate or by standard employer sponsor. In a few circumstances, fund assets can be given to the relevant party of your fund, which includes in-house assets and business real property. There are some restrictions towards the asset type in order to know this communicate with SMSF professional.